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AMD in focus on $3 billion Anthropic investment tied to chip supply deal

7/22/2026

A Wall Street Journal report placed Advanced Micro Devices (AMD) in focus after detailing plans for the chipmaker to invest $3 billion into Anthropic, the artificial intelligence company, as part of a chip supply agreement.

The investment is described as planned, not finalized, and no closing date is named in the report. A formal announcement from either company is the next milestone to track.

The $3 billion figure The reported investment of $3 billion would flow from AMD directly into Anthropic, paired with a commercial arrangement under which Anthropic would take AMD chips.

That dual structure is the more telling detail.

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