AMD to supply 6GW of compute capacity to OpenAI in chip deal worth tens of billions

AMD has entered a multi-year chip supply agreement with OpenAI that could generate tens of billions in revenue and significantly boost AMD’s presence in the AI sector. Under the deal, AMD will provide OpenAI with 6 gigawatts of compute capacity using multiple generations of its Instinct GPUs, beginning with the Instinct MI450 GPU, which is expected to be deployed in the second half of 2026. AMD claims the MI450 will outperform comparable Nvidia GPUs through hardware and software enhancements developed with OpenAI’s collaboration. Currently, OpenAI already uses AMD’s MI355X and MI300X GPUs for AI inference tasks due to their high memory capacity and bandwidth. In addition to supplying chips, AMD has granted OpenAI the option to purchase up to 160 million shares of AMD stock, representing a 10% stake. The stock vesting is tied to the deployment milestones of the compute capacity and AMD’s stock price, with the final tranche vesting if AMD shares reach $600. Following the