Meta to bring in Microsoft executive to lead chips effort, The Information says

Meta Platforms (META) had hired a chip executive from Microsoft (MSFT) to oversee its work developing custom chips for hardware devices, The Information’s Sylvia Varnham O’Regan reports, citing people familiar with the matter. The hire comes as Meta is evaluating the company’s silicon strategy, a move that could spell more layoffs, the author says. Jean Boufarhat, who currently serves as corporate vice president of silicon engineering at Microsoft, is joining to run Meta’s Facebook Agile Silicon Team, or FAST. Reference Link