Fermi Signs Credit Support Agreement with AMD and Announces Partnership
AMD’s backing helps secure financing for Phase 1 of Project Matador and supports an expansion plan to 650 MW, analysts said.
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9 Articles
AMD's Support Could Help Fermi Stock Overcome Its Biggest Hurdle
AMD secured a credit support agreement backing Fermi Inc.'s 222-megawatt Texas power lease for Project Matador, boosting shares despite liquidity concerns and a pending TensorWave lease decision.
Fermi Signs Credit Support Agreement with AMD and Announces Partnership
DALLAS, TX / ACCESS Newswire / October 13, 2026 / Fermi Inc. (Nasdaq:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that it has signed a credit support agreement with AMD, the high performance and adaptive computing leader,…
Fermi stepped up strongly in the pre-opening after announcing that AMD will offer credit support for the leasing of the first phase of Project Matador, an infrastructure complex for AI in Texas. The agreement contemplates 222 MW and accompanies discussions on a possible expansion, although the long-term goal of 17 GW still depends on binding commitments to customers.
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