Meta and Broadcom Launch $125M AI Chip Research Hub at UCLA

On May 22, Meta and Broadcom confirmed the launch of a $125 million AI semiconductor research hub at UCLA’s Samueli School of Engineering. The announcement builds on the prior day’s disclosure of the five-year initiative backed by Applied Materials, GlobalFoundries and Synopsys to advance chip design, fabrication and EDA tools. The hub will fund yearlong internships for doctoral engineering students while Meta simultaneously begins cutting roughly 8,000 jobs. Markets view the collaboration as a long-term positive for AI hardware supply chains, though near-term stock reaction remains muted.