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JP Morgan says Meta to use Broadcom’s custom chips and turn into billion-dollar customer

By Arghyadeep Dutta - May 31, 2022, 11:15 AM ET
Last Updated - Feb 29, 2024, 08:47 AM EST
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“Near-term ASIC program pipeline is strong as we believe Broadcom will be ramping Meta/Facebook and Microsoft ASICs this year,” Sur added.

Facebook’s parent company Meta Platforms Inc (NASDAQ: FB), could become Broadcom Inc’s (NASDAQ: AVGO) next billion-dollar, as the social media company may use the chipmaker’s custom semiconductors to build its metaverse hardware, J.P. Morgan analysts said on Tuesday

• Meta to use Broadcom’s 5nm and 3nm chips for its metaverse

• Broadcom has been developing custom chips for Google’s machine learning

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Facebook’s parent company Meta Platforms Inc (NASDAQ: FB), could become Broadcom Inc’s (NASDAQ: AVGO) next billion-dollar, as the social media company may use the chipmaker’s custom semiconductors to build its metaverse hardware, J.P. Morgan analysts said on Tuesday.

The financial institution said the chipmaker would generate $2 billion to $2.5 billion in revenue from ASIC (application-specific integrated circuit) chips this year, helped by its deals with Meta and partnerships with Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT).

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