Meta Acquiring Rivos to Advance AI Chips

Meta is acquiring Rivos, a Santa Clara startup that designs RISC‑V chips and has developed an AI inferencing GPU, to accelerate its in‑house semiconductor program and reduce reliance on Nvidia GPUs. Rivos completed its design and sent it to TSMC for trial production; the company had been seeking funding at about a $2 billion valuation, but the terms and price of the acquisition have not been disclosed. Meta says the purchase will bolster its Meta Training and Inference Accelerator (MTIA) effort after management signaled dissatisfaction with current progress. The company has raised FY25 capital-expenditure guidance to roughly $64–72 billion to finance data-center and AI infrastructure investments. The move fits Meta’s broader strategy to control more of its AI stack while the firm’s strong revenue growth and margins provide financial headroom.