Meta extends partnership with Broadcom through 2029 to develop custom AI chips, committing over one gigawatt of computing capacity.

Meta and Broadcom extended their deal through 2029 to build multiple generations of custom processors for AI features across Meta's apps

The agreement includes an initial commitment of more than one gigawatt of computing capacity, equivalent to powering roughly 750,000 U.S. homes

Broadcom CEO Hock Tan is stepping down from Meta's board to assume an advisory role focused on custom chip strategy

Meta CEO Mark Zuckerberg stated the deal strengthens the computing infrastructure needed to deliver 'personal superintelligence to billions of people'

The partnership reflects a broader industry trend where tech giants like Meta, Google, and Amazon design custom chips to reduce dependence on Nvidia's expensive processors