Fermi and AMD sign credit support deal for Project Matador data center

Fermi has signed a credit support agreement with AMD to underpin construction of the first 222MW data center at its Project Matador campus in Carson County, Texas. The companies also outlined a framework for expansion up to 650MW, with Fermi's TensorWave contract worth up to $6.5 billion over 15 years.

• AMD will act as guarantor for financing of the first 222MW data center
• Framework agreement allows expansion up to 650MW of gross power capacity
• TensorWave contract is valued at up to $6.5 billion over 15 years
• First 222MW phase is expected online in the second half of 2027