Meta to build metaverse hardware using Broadcom’s custom chips
By MYBRANDBOOK
Meta Platforms, the Facebook parent company, will use Broadcom Inc’s custom chips to build its metaverse hardware. According to analysts at J.P. Morgan, Meta will become the chipmaker’s next billion-dollar ASIC customer over the next three to four years.
The analysts further said that ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and partnerships with Alphabet and Microsoft.
“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.
Meta is investing heavily in the metaverse – a virtual space where people interact, work and play. It is adding new features to hardware devices that serve as access points to the virtual world. It is developing a range of hardware products for the metaverse that include smart glasses and virtual reality headsets. It has also opened its first physical store where shoppers can try out these devices and other gadgets.
Broadcom and Google have co-developed Google’s custom chip used for machine learning tasks since 2016 and the brokerage estimates this to be worth over $1.3 billion in 2022.
“Near-term ASIC program pipeline is strong as we believe Broadcom will be ramping Meta/Facebook and Microsoft ASICs this year,” Sur added.
Broadcom’s semiconductor solutions business, which makes custom chips, contributed more than 70% to the company’s nearly $27.5 billion revenue in 2021
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