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Evening Standard
Evening Standard
Technology
Henry Saker-Clark

Facebook owner Meta agrees £74bn deal with chipmaker AMD

Meta has unveiled plans to launch an ad-free subscription option for UK Facebook and Instagram users (Alamy/PA) -

Facebook owner Meta has struck a deal worth up to 100 billion dollars (£74 billion) to buy AI chips from AMD (Advanced Micro Devices) and take a stake in the firm.

The deal will see Meta, which also owns Instagram and WhatsApp, snap up a 10% shareholding in the US semiconductor company.

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