
Meta Extends Broadcom Deal for Custom AI Chips
Meta has extended its custom chip deal with Broadcom, committing to a three-year agreement to develop custom AI chips. This partnership aims to power Meta's artificial intelligence ambitions.
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Meta has extended its custom chip deal with Broadcom, committing to a three-year agreement to develop custom AI chips. This partnership aims to power Meta's artificial intelligence ambitions.
Broadcom CEO Hock Tan is set to receive a $205.3 million pay package in 2025, a significant increase attributed to the ongoing boom in artificial intelligence technology.

Broadcom reported that AI revenue more than doubled in the latest quarter and is projecting continued growth as demand soars.
Broadcom stock investors received spectacular news from CEO Hock Tan, potentially impacting the company's market performance.