AdvertisementAdvertisementBusinessFILE PHOTO: AMD logo is seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo28 Jul 2026 07:08PM (Updated: 28 Jul 2026 07:55PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST July 28 : AMD on Tuesday signed a deal with Core Scientific to secure up to 2.5 gigawatts of data center capacity as the chip firm expands infrastructure to meet growing demand for AI computing.Shares of Core Scientific jumped 6 per cent in premarket trading, while AMD's stock was down 4 per cent, tracking other chipmakers.Demand for electricity, land and data center facilities has surged as cloud providers and enterprises ramp up investments in AI infrastructure.Under the deal, AMD will receive market-priced warrants to purchase Core Scientific common stock, subject to certain commercial conditions. Financial terms of the deal were not disclosed.Show MoreShow LessThe partnership gives AMD access to more than 500 megawatts of Core Scientific's AI-ready data center capacity starting in 2027, which the chip maker's customers can use to deploy artificial intelligence systems. This capacity can be expanded to 2.5 gigawatts.Core Scientific, which has been shifting from crypto toward hosting AI and high-performance computing workloads, will also work with AMD on physical infrastructure design and the deployment of AMD's chips and software."Core Scientific's extensive portfolio of AI-ready data centers expands access to the infrastructure our customers need to deploy AMD AI solutions at scale," said Mathew Hein, chief strategy officer of corporate development at AMD.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST