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JP Morgan: Meta bets on Broadcom for metaverse building blocks

By Staff Writers

Jun 1 2022 6:31AM

Meta Platforms to use Broadcoms' custom chips.

JP Morgan: Meta bets on Broadcom for metaverse building blocks

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. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 ...

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