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Meta Broadcom AI Deal

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Benzinga

39 views • Apr 15, 2026

Description

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.

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