“股权换采购”!AMD与OpenAI的协议是“半导体历史上罕见”的

华尔街见闻
Oct 07

该协议本质上是一种金融工具,将硬件销售转化为股权配置。该结构将AMD估值与OpenAI基础设施增长挂钩,同时也为OpenAI提供自筹资金途径,认股权证升值可资助后续GPU采购,减少直接资本支出需求。若AMD股价涨至600美元,OpenAI的1.6亿股份总价值将达960亿美元,约等于协议中硬件设备价值。AMD与OpenAI宣布了一项高达900亿美元的GPU供应协议,采用前所未有的"股权换采购"模式,...

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