Meta and Broadcom Expand AI Chip Deal

Meta is deepening its ties with Broadcom as it races to reduce its reliance on external chip suppliers like Nvidia.

The three-year agreement includes the design and packaging of custom silicon that will power Meta's next generation of AI models.

As part of the deal, Broadcom CEO Hock Tan will step down from Meta's board of directors to avoid potential conflicts of interest.

This move reflects a broader trend among tech giants to bring chip production in-house to better manage the massive energy and compute requirements of modern artificial intelligence.