Broadcom down after report says Google partners with Taiwan's MediaTek for AI chips
ReutersMar 17, 2025 2:34 PM
Shares of chipmaker Broadcom AVGO.O fall 1.3% to $192.80
Google plans to team up with Taiwanese firm MediaTek 2454.TW on next version of chips known as Tensor Processing Units, the Information reports
Google chose MediaTek partly because MediaTek has strong relationship with TSMC 2330.TW and charges Google less per chip compared to AVGO, report says
AVGO is still in talks with Google to continue codesigning some of Google AI chips, which TSMC makes in its factory, report says, citing a Broadcom employee
AVGO stock down ~16% YTD
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