AMD has won a significant new customer - 'Meta Platforms,' the company formerly known as Facebook.

The chip designer said that it worked with the social media and advertizing company to develop a custom server based on the third Generation Epyc processor.

"We are building significant momentum in the data center with our leadership product portfolio, including Meta’s adoption of AMD Epyc and the buildout of Frontier, the first US exascale supercomputer which will be powered by Epyc and AMD Instinct processors," Dr. Lisa Su, AMD president and CEO, said.

AMD and Meta worked together to create what they described as an open, cloud-scale, single-socket server. Further details will be shared at the Open Compute Global Summit later this week.

Shares in AMD jumped 11 percent on the news, its best day in 15 months. The company's chip supplier TSMC also saw shares grow more than two percent.