Facebook parent Meta Platforms Inc will use Broadcom Inc's custom chips to build its metaverse hardware, becoming the chipmaker's next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday.
"We believe these wins are primarily at 5 nanometre and 3 nanometre and will be used to power Meta's metaverse hardware architecture that it will deploy over the next few years," analyst Harlan Sur said. Sur added that Meta will emerge as Broadcom's next $1 billion-a-year ASIC customer over the next three to four years after Google.
Broadcom and Google have co-developed Google's custom chip used for machine learnings tasks since 2016 and the brokerage estimates this to be worth over $1.3 billion in 2022.
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