Meta, Broadcom And Others Launch $125 Million UCLA AI Chip Hub

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Broadcom Inc., Applied Materials Inc., GlobalFoundries Inc., Meta Platforms Inc., and Synopsys, Inc. announced on Thursday that they have partnered with the UCLA Samueli School of Engineering to launch a $125 million Semiconductor Hub aimed at accelerating research and workforce development in artificial intelligence–powered chip technologies.

Industry Leaders Build Long-Term AI Semiconductor Ecosystem

The five-year initiative combines financial backing and in-kind support to create collaboration across chip design, manufacturing, software, packaging, advanced materials, and cloud infrastructure.

UCLA Chancellor Julio Frenk said the partnership positions UCLA to help scale semiconductor innovation while strengthening U.S. economic competitiveness and national security.

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UCLA Samueli Dean Ah-Hyung “Alissa” Park told CNBC on Thursday that the hub…