Friday, 24 March, 2023

Facebook parent Meta to become Broadcom's new billion-dollar customer

<p>According to JP Morgan analysts, Facebook parent Meta Platforms Inc would employ Broadcom Inc&#39;s custom chips to develop its metaverse hardware, becoming the chipmaker&#39;s second billion-dollar ASIC customer. Broadcom&#39;s ASIC (application-specific integrated circuit) chips are expected to generate $2.5 B in sales this year, thanks to deals with Meta and relationships with Alphabet and Microsoft.<br /> &nbsp;</p>