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What will be Broadcom's AI chip market share by end of 2026?
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Story
Apple and Broadcom Develop AI Server Chip 'Baltra' for 2026
Dec 11, 2024, 02:04 PM
Apple Inc. is collaborating with Broadcom Inc. to develop its first server chip specifically designed for artificial intelligence (AI), according to sources cited by The Information. Codenamed 'Baltra', this AI-focused chip is slated for mass production in 2026 and will be for internal use only. The partnership aims to integrate advanced networking technology crucial for AI processing, marking a significant milestone for Apple's silicon team. Broadcom's stock surged over 4% in pre-market trading following the announcement, reflecting market confidence in the venture. This move is part of Apple's broader strategy to handle the intense computing demands of its new AI features.
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