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Broadcom stock rises over 10% due to 'Baltra' news by end of Q1 2025?
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Apple, Broadcom Develop AI Chip 'Baltra' for 2026 Production
Dec 11, 2024, 02:10 PM
Apple Inc. is collaborating with Broadcom Inc. to develop its first server chip specifically designed for artificial intelligence (AI), codenamed 'Baltra,' according to reports from The Information. The chip is expected to go into mass production by 2026, leveraging TSMC's advanced 3nm process technology. This development marks a significant milestone for Apple's silicon team, focusing on enhancing the company's AI capabilities. The partnership with Broadcom is centered on the chip's networking technology, which is crucial for AI processing. The news has led to a pre-market surge in Broadcom's stock, with shares rising by 4.5%.
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