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      <title>Meta&#39;s $12 Billion Debt Deal and TSMC&#39;s Price Hikes Reveal What AI Infrastructure Really Costs</title>
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      <description>&lt;p&gt;Three stories landed within hours of each other this week, and together they say more about the AI buildout than any single earnings call. BlackRock is leading a debt sale exceeding $12 billion to finance Meta&amp;rsquo;s new data center in El Paso, Texas. In a related move, Meta has signed a lease for a separate BlackRock-backed data center project in Pennsylvania. Meanwhile, on the supply side, TSMC is preparing to raise prices on both advanced and mature process nodes by as much as 10% in 2027, with an additional 10-15% premium layered on top for customers who exceed their original order forecasts. And Microsoft has signed a multibillion-dollar agreement with Mistral to build European data centers while folding Mistral&amp;rsquo;s models into Foundry, Copilot Studio, and Azure Local.&lt;/p&gt;</description>
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