ChipsJuly 29, 2026via SiliconAngle
Meta to build $14B El Paso data center campus with BlackRock
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.
Key signals
- $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)
The hook
$14B. That's what Meta and BlackRock just committed to an AI data center campus in El Paso.
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 finalize their joint venture agreement in the coming […]