AI chip startup FuriosaAI has turned down Meta's $800 million acquisition offer.

As reported by Bloomberg and citing a "person with knowledge of the matter," FuriosaAI is instead opting to grow its business as an independent company.

Reports that Meta was looking to acquire the chip startup emerged in February 2025, though at the time neither company responded to requests for comment.

Founded in 2017 and headquartered in the South Korean capital Seoul, FuriosaAI has raised approximately $115 million across four funding rounds to support the development of its RNGD chip.

The AI inference chip has a thermal design power (TDP) of 150W, but the company claims that when compared to Nvidia’s H100 GPUs – which have a TDP of 350W – RNGD offers a 3x better performance per watt. RNGD is planned to enter mass production in the second half of this year.

According to Bloomberg, FuriosaAI is looking to raise capital, and eventually pursue an initial public offering. The company is also nearing a close on its Series C funding round which is said to be on track to exceed its target.

DCD has reached out to both Meta and FuriosaAI for comment.

It has long been known that Meta has been looking to develop its own chips in order to reduce its reliance on Nvidia hardware. In February 2024, according to documents seen and reported on by Reuters, the company was planning to deploy the second generation of Meta Training and Inference Accelerator (MTIA) chip. Earlier this month, the company began testing the AI training chips.

First reported to be in development in 2023, the chips, dubbed the Meta Training and Inference Accelerator, are based on 7nm nodes and provide 102 Tops of Integer (8-bit) accuracy computation or 51.2 teraflops of FP16 accuracy computation. The chips run at 800 megahertz and are about 370 millimeters square.