Meta agrees $60bn deal with chipmaker AMD despite AI bubble fears

Tue, 24 Feb 2026

Facebook owner’s investment described by semiconductor company as ‘big bet’ on artificial intelligence

The owner of Facebook has agreed to buy $60bn (£44.5bn) of artificial intelligence chips from the US semiconductor company Advanced Micro Devices – despite fears about the vast sums committed to AI infrastructure projects.

It is one more massive deal in a year in which US tech companies are expected to spend $660bn on AI assets, and may represent part of a broader pivot in Meta’s AI strategy, said Alvin Nguyen, an analyst at Forrester.