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Benzinga
  • 5 minutes ago
Meta and Broadcom expanded their partnership through 2029 to design Meta's in-house MTIA AI accelerators, with an initial 1 gigawatt deployment planned. The MTIA chips will be the first AI silicon built on a 2-nanometer process. Meta has committed up to $135B in AI investments this year. Broadcom shares rose 3% after the announcement while Meta remained flat. CEO Hock Tan will not stand for reelection to Meta's board.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta and Broadcom announced an expanded partnership extending through
00:062029 to design Meta's in-house AI accelerators, according to CNBC.
00:12Meta committed to an initial deployment of one gigawatt of training and inference accelerators
00:16and plans to scale to multiple gigawatts using Broadcom technology.
00:20Broadcom said the MTIA chips will be the first AI silicon to use a two nanometer process.
00:27CEO Hawk Tan will not stand for re-election to Meta's board after joining in 2024.
00:33Meta has accelerated AI investments after committing up to $135 billion this year,
00:38including deals for AMD GPUs, NVIDIA chips, and ARM-based designs.
00:44Broadcom shares rose 3% in extended trading following the announcement, while Meta stock remained flat.
00:50For all things money, visit Benzinga.com.
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