Billions Bet on Customization! Meta Deepens Chip Partnership with Broadcom, Chen Fuyang Steps Down as Meta Director to Avoid Conflict of Interest

According to the agreement, the two companies will jointly develop multiple generations of Meta Training and Inference Accelerators (MTIA), with the cooperation framework extending until 2029. Meanwhile, it was also disclosed that Broadcom CEO Hock Tan will officially leave the Meta board of directors after his term ends at Meta's annual shareholders meeting.