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tz-plus logo AMD Seals a Billion-Dollar Deal with OpenAI – Sanmina and Arteris as Hidden Winners

S. Bank
Reading Time: 4 minutes

AMD (AMD;i) announced a mega deal with AI company OpenAI on Monday (October 6). It's a billion-dollar partnership in the field of AI data centers. OpenAI commits to purchasing chips totaling 6 gigawatts from AMD's new MI450 series. In return, OpenAI will receive warrants for up to 160 million AMD shares – about 10% of the company.   While AMD's stock has gained over 20%, there are two indirect beneficiaries. Sanmina (SANM) is a leading global provider of electronics manufacturing services (EMS) with a vertically integrated model that ranges...

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