Meta Reportedly Strikes $6.5 Billion Deal with Samsung Foundry for 2nm AI Chips

Meta Platforms is reportedly investing $6.5 billion with Samsung Foundry to produce its third-generation MTIA (Meta Training and Inference Accelerator) chips using a 2nm process. This strategic move signifies a shift from TSMC and aims to reduce reliance on NVIDIA GPUs, lower supply chain risks, and support Meta's ambitious goal of 5 gigawatts of computing capacity by 2030 for its AI and cloud initiatives. The deal is expected to bolster Meta's competitive position in the rapidly evolving AI and cloud computing markets.