AMD Furnishes Expanded Strategic Partnership with Meta
Summary
Advanced Micro Devices, Inc. (AMD) and Meta Platforms, Inc. announced an expanded strategic partnership (via Ex. 99.1 press release). On February 23, 2026, AMD issued Meta a performance-based warrant to purchase up to 160 million shares of common stock at an exercise price of $0.01 per share. This warrant is tied to Meta's commitment to purchase AMD Instinct™ GPU products, with the partnership aiming to deploy up to 6 gigawatts of these GPUs. Shipments for the initial one gigawatt deployment are expected to commence in the second half of 2026, with full warrant vesting contingent on Meta purchasing six gigawatt equivalent of AMD Instinct GPU products, subject to specified AMD stock price thresholds.
Why It Matters
This multi-year, multi-generation partnership with Meta for up to 6 gigawatts of AMD Instinct™ GPUs, coupled with the issuance of a performance-based warrant, signals a significant long-term revenue opportunity and strategic alignment for AMD in the rapidly growing AI infrastructure market.
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Key Quote
“Vesting of Warrant Shares are further subject to achievement of specified AMD stock price thresholds that escalate to $600 per share for the final tranche.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000002488
- Filing Date
- Tuesday, February 24, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive