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The Deal With Meta & OpenAI Just Cost AMD $1.1 Billion

Deal With Meta
International Business Times Fews App News Provider
Fews App Post Time ha 6h

Justin Sullivan/Getty Images Advanced Micro Devices booked a $1. 1 billion noncash charge in the third quarter tied to its chip deals with OpenAI and Meta Platforms, marking the first time the two agreements have hit the chipmaker's reported earnings. The deals give the companies the right to buy up to 320 million AMD shares for a penny apiece if they meet a series of milestones.

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