JPM says Meta will become Broadcom's next billion-dollar customer

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JPM says Meta will become Broadcom's next billion-dollar customer

Looks to ASICs for "metaverse hardware".

Facebook parent Meta Platforms will use Broadcom Inc's custom chips to build its metaverse hardware, becoming the chipmaker's next billion-dollar ASIC customer, analysts at JPMorgan said. ASIC - application-specific integrated circuit - chips will drive US$2 billion to US$2.5 billion in ...

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