AMD to invest up to $5 billion in Anthropic AI chip deal

Advanced Micro Devices has finalized a landmark agreement with artificial intelligence startup Anthropic, committing tens of billions of dollars in AI server infrastructure and making a major equity investment in the company. The deal, announced on July 22, 2026, centers on AMD's forthcoming Instinct MI450 processors and represents one of the semiconductor industry's largest recent partnerships.

Under the agreement, Anthropic will acquire up to 2 gigawatts of computing power using the advanced chips, with shipments scheduled to begin in the first half of 2027. In a strategic move, AMD will also invest up to $5 billion in Anthropic, marking the chipmaker's first equity stake in the AI company. The financial commitment is tied to specific deployment milestones.

AMD's Chief Executive Lisa Su emphasized the partnership's strategic importance, stating that the company had very much wanted to be a major part of Anthropic's infrastructure. She noted that engineering teams from both organizations have been collaborating extensively behind the scenes for an extended period. Su highlighted the long-term planning required for such infrastructure, explaining that securing a gigawatt of...