Broadcom and Meta deepen AI chip partnership through 2029, with CEO shifting board role to focus on silicon strategy

Broadcom and Meta enter multiyear, multigeneration partnership extending through at least 2029 to develop custom AI chips and networking technology

Agreement aims to support Meta's next wave of AI infrastructure and large-scale compute capacity expansion

Broadcom CEO Hock Tan is stepping down from Meta's board to serve in an advisory capacity focused specifically on silicon strategy

Partnership raises concentration risks in the AI chip supply chain as major tech companies increasingly rely on specialized partnerships