Meta paid 15.6 billion to Broadcom last year

Glonghui April 18｜Tech company Meta disclosed in its shareholder meeting documents that in fiscal year 2025, the company will pay $2.3 billion (approximately RMB 15.68 billion) to Broadcom for chip design, development, engineering services provided by Broadcom, as well as for directly or indirectly purchased Broadcom component products, totaling about $2.3 billion. Earlier this week, Meta and Broadcom announced the expansion of their partnership to jointly develop Meta’s next-generation AI chips, and as a result, Broadcom CEO Hock Tan will leave Meta's board of directors.