Broadcom and Meta Partner to Co-Design AI Accelerators
Broadcom (AVGO) and Meta Platforms (META) have partnered to co-design custom AI accelerator chips, positioning Broadcom to benefit from the AI boom. Broadcom's shares rose 4.26% following the announcement, as the collaboration aims to support Meta's AI infrastructure for 3.6 billion users. The deal includes an initial one gigawatt of capacity and leverages Broadcom's XPU platform and networking solutions.
Topics: AI Broadcom Corporate Partnerships Meta Semiconductors