Meta is set to purchase chip startup Rivos to enhance its custom semiconductor capabilities, particularly for AI systems. The acquisition will support Meta's development of the Meta Training and Inference Accelerator (MTIA) and follows the company's previous reliance on Nvidia for AI chips. Rivos was valued at approximately $2 billion and has been a significant partner for Meta.

Intel has agreed to sell a controlling stake in its Altera chip business, signaling a strategic shift as the company focuses on strengthening its core semiconductor operations. The deal is expected to enhance Intel's capabilities in the competitive chip market by leveraging Altera's expertise in programmable logic devices.