After Tesla, Samsung Eyes Meta Platforms for $6.5 Billion AI Chip Agreement: Report

Meta Platforms Inc. (NASDAQ: META ) is reportedly in talks with Samsung Foundry of parent Samsung Electronics Co Ltd. (OTC: SSNLF ) for manufacturing its forthcoming AI chips, in a deal valued at over 10 trillion won ($6.53 billion). Samsung Foundry is likely to be responsible for the production of Meta’s proprietary AI accelerator, “MTIA,” starting from its third generation. The third-generation MTIA will be mass-produced using Samsung Foundry’s advanced 2-nanometer process, reported Seoul Economic Daily on Friday. Meta is exploring the AI cloud services market by leasing computing infrastructure to external companies, with its MTIA chips expected to be central to the effort. To support its goal of building 5-gigawatt data centers by 2030, the company plans to introduce a new AI chip every six months. The Mark Zuckerberg -led company has partnered with Samsung...