AMD Furnishes Strategic Partnership with OpenAI for 6 Gigawatts of GPU Deployment
Summary
Advanced Micro Devices (AMD) and OpenAI announced a strategic partnership (via Ex. 99.1 press release) for OpenAI to deploy 6 gigawatts of AMD Instinct GPUs. On October 5, 2025, AMD issued a warrant to OpenAI OpCo, LLC to purchase up to 160 million shares of common stock at an exercise price of $0.01 per share. This warrant is tied to a product purchase agreement where OpenAI committed to an initial 1 gigawatt purchase of AMD Instinct MI450 Series GPUs, with deployment starting in 2H 2026. Full vesting of the warrant shares is contingent upon OpenAI, its affiliates, or authorized purchasers acquiring 6 gigawatts of AMD Instinct GPU products.
Why It Matters
This agreement, highlighted in Exhibit 99.1, signifies a substantial multi-year commitment from OpenAI to deploy 6 gigawatts of AMD Instinct GPUs, positioning AMD as a core strategic compute partner. This indicates significant future revenue potential and strengthens AMD's market presence in the rapidly expanding AI infrastructure sector.
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Key Quote
“) at an exercise price of $0.01 per share. The Warrant Shares vest in tranches based on milestones tied to purchases of AMD Instinct.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000002488
- Filing Date
- Monday, October 6, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral