Meta Platforms has agreed to purchase potentially up to $100 billion worth of artificial intelligence chips from Advanced Micro Devices in a multiyear arrangement that could give the Facebook owner nearly 10% ownership of the U.S. semiconductor group. The agreement covers processors capable of supporting about six gigawatts of data center power demand — equivalent to the electricity required by approximately 5 million U.S. households for one year. Deliveries will begin in the second half of this year with 1GW of AMD’s forthcoming MI450 hardware. AMD will develop a customized version of its MI450 AI chips for Meta, primarily for… [Continue Reading]