#CNBC AMD CEO Lisa Su on AI chip deal with Meta: ‘It is absolutely a win-win’

AMD CEO Lisa Su on AI chip deal with Meta: ‘It is absolutely a win-win’
A week after Meta committed to using millions of Nvidia’s processors to power its AI expansion, the social media company has inked another mammoth chip deal, this time with Advanced Micro Devices.

The deal also includes a performance-based warrant for Meta to acquire 160 million AMD shares, about 10% of the company. The first tranche vests when the first 1GW of Instinct GPUs are shipped. Other tranches vest as Meta makes purchases to 6GW.

AMD CEO Lisa Su told CNBC that the warrant structure is a “win-win” for shareholders, underpinning a “very ambitious” plan and financial model. She views the agreement as one of the “most transformational deals” for the chipmaker as it expands its AI capabilities.

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