The deal would also give Meta a warrant to acquire up to 10% of AMD’s shares as the Facebook parent company purchases computing power.

Dimitri Zabelin is a senior research analyst at PitchBook, covering artificial intelligence. Meta is making moves in the hardware space, announcing on Tuesday a multi-year deal to purchase AMD’s latest MI450 AI accelerators—and some equity in the company.

Meta signs a potential $100 billion AI chip deal with AMD, securing up to 6 gigawatts of capacity as it diversifies beyond Nvidia.