AMD takes $1.07 billion charge for OpenAI and Meta chip warrants
AMD announced a $1.07 billion noncash charge linked to warrants issued to OpenAI and Meta under agreements to purchase its AI chips. Each company could potentially acquire up to 10% of AMD if they meet shipment, commercial, and other milestones. The warrants are tied to securing long-term demand, including a five-year deal where Meta could spend up to $60 billion on AMD’s AI processors.…
Key points
- AMD records $1.07 billion noncash charge for warrants to OpenAI and Meta
- Warrants could let each company buy up to 10% of AMD if milestones are met
- Meta has a five-year deal to spend up to $60 billion on AMD’s AI chips
AMD books $1.07B charge on OpenAI, Meta deals
ijr.com · 3 November 2026Loading the full article…
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