Is Meta the Next Tech Giant to Start Designing Its Own Chips?

By Jose Najarro and Nicholas Rossolillo – May 9, 2023 at 9:52AM

NASDAQ: META

Meta Platforms

Market Cap

$1,124B

Today's Change

(0.43%) $1.91

Current Price

$443.29

Price as of April 26, 2024, 4:00 p.m. ET

Meta Platforms recently hired a handful of engineers from a chip start-up company.

Meta Platforms (META 0.43%) has declared this the year of efficiency, even hinting at significant enhancements to its data centers. Could the recently hired engineers be meant for this task, or does Meta have a different agenda up its sleeve? Check out the short video to learn what semiconductor investors Jose Najarro and Nicholas Rossolillo had to say. Also, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of May 8, 2023. The video was published on May 9, 2023.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Meta Platforms. Nicholas Rossolillo has positions in Meta Platforms. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.