Broadcom CEO Hock Tan.
Lucas Jackson | Reuters
Meta and Broadcom on Tuesday announced a sweeping deal that extends an existing partnership between the two companies for the design of Meta's custom in-house AI accelerators through 2029.
At the same time, Meta said Broadcom's CEO, Hock Tan, told Meta last week that he has decided not to stand for reelection to Meta's board. Tan joined Meta's board in 2024.
Meta has committed to deploy a gigawatt of its Training and Inference Accelerators according to a statement.
Broadcom shares rose 3% in extended trading after the announcement.
Meta unveiled four new versions of its in-house MTIA chips in March. It first unveiled the custom silicon in 2023, following on the heels of similar chip programs at Google and Amazon.
Hyperscalers are seeking alternatives to the costly, constrained graphics processing units from Nvidia and AMD, as they hustle to power AI data centers.
They're making GPU alternatives called application-specific integrated circuits, or ASICs, that are smaller and cheaper than the general-purpose AI workhorse GPUs, but are limited to performing a narrower set of tasks.
Google was first to the custom ASIC game, releasing its first Tensor Processing Unit in 2015. Amazon was next, with its first custom chip announced in 2018. While these tech giants incorporate their AI chips as part of their respective cloud computing platforms so customers can access them, Meta's MTIA chips are used entirely for internal purposes.
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