ChipsThe story, in brief
Meta to build $14B El Paso data center campus with BlackRock
$14B. That's what Meta and BlackRock just committed to an AI data center campus in El Paso.
The KeyNews take
Why it matters
Meta is making a massive capex move to expand AI compute capacity, signaling confidence in long-term infrastructure needs and shifting the data center buildout beyond traditional tech hubs. This is a critical piece of the broader race for AI compute dominance.
The key facts
5 to know$14B joint investment commitment
El Paso, Texas location
Meta + BlackRock collaboration (first major asset manager co-investment in AI infrastructure)
JV agreement expected to finalize soon
AI data center campus (not single facility)
Go to the source
SiliconAnglesiliconangle.com
Publisher excerpt: Meta Platforms Inc. today announced plans to build an artificial intelligence data center campus in El Paso, Texas. The project is a collaboration with BlackRock Inc., the world’s largest asset manager. The two companies plan to invest $14 billion in the campus. Meta and BlackRock expect to…