Facebook’s parent company Meta announced Tuesday it has entered into a long-term collaboration with semiconductor firm Broadcom to develop specialized artificial intelligence processing chips, supporting the social media company’s aggressive expansion of its data center operations.
Following the announcement, Broadcom’s stock price jumped 3.4% during after-hours trading.
The partnership begins with a 1-gigawatt commitment, which both companies describe as merely the opening phase of what they call a “sustained, multi-gigawatt rollout.” The collaboration includes a joint development plan to create and expand hardware designed to power real-time AI-generated content and what Meta refers to as “personal superintelligence” for billions of users on its social media platforms.
Last month, Meta revealed plans for four new processors it’s developing internally through its Meta Training and Inference Accelerator initiative.
