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AI News from ET - Meta extends custom chips deal with Broadcom to power AI ambitions

Vishwadeep Khatri
in AI News & Two Lenses

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As part of the deal, Broadcom CEO Hock Tan would leave Meta's board and ​move to an advisory role on its custom chip strategy, the companies said in a joint statement. That ​custom chip boom has made Broadcom one of the ⁠biggest winners of generative AI. The company works with clients ​to develop custom processors and supplies infrastructure software.

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