Semiconductor giant AMD (AMD) is preparing to backstop a $300M loan for data center company Crusoe to put AMD’s artificial intelligence accelerators into an Ohio data center, The Information reported.
The loan, which is being given by Goldman Sachs (GS), will be backed by AMD’s AI accelerators and related equipment, the news outlet added, citing people with knowledge of the deal.
Additionally, AMD has agreed to rent its own chips from Crusoe if the data center company is unable to find customers who want to use them, the people added. With AMD’s help, Crusoe was able to get the debt with a 6% interest rate, lower than it would have gotten otherwise.
AMD, Goldman Sachs, and Crusoe did not immediately respond to a request for comment from Seeking Alpha.
AMD shares rose fractionally in midday trading on Thursday.
