Meta Platforms Acquires AI Chip Startup Rivos to Bolster Semiconductor Capabilities
Meta Platforms has acquired microchip startup Rivos in a strategic MOVE to accelerate its in-house AI infrastructure development. The deal underscores Meta's aggressive push into semiconductor autonomy as it seeks to reduce reliance on external GPU suppliers like Nvidia.
Rivos brings specialized graphics processing unit technology to Meta's existing AI chip development efforts. While financial terms remain undisclosed, the startup was reportedly seeking funding at a $2 billion valuation earlier this year.
The acquisition aligns with Meta's stated commitment to invest over $600 billion in AI development through 2026. Wall Street remains bullish on Meta's trajectory, with 47 analysts maintaining a Strong Buy rating and projecting 14.6% upside potential.
