Meta to Begin Production of Custom Iris AI Chip in September 2026
Meta Platforms announced plans to manufacture its custom AI chip, code-named "Iris," starting September 2026, aiming to double its computing capacity to 14 gigawatts by 2027. Designed with Broadcom and built by TSMC, the chip is part of Meta’s strategy to reduce reliance on Nvidia and AMD GPUs, lower costs, and accelerate AI development. Meta will launch new chips every six months through 2027 and has secured long-term supply agreements. The news boosted Meta’s stock by up to 6%, despite projected capital spending of up to $145 billion in 2026.
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Meta to Begin Production of In-House Iris AI Chip in September, Plans to Double Computing Capacity
Meta Platforms, led by CEO Mark Zuckerberg, plans to begin production of its custom Iris AI chip in September 2026 as part of a broader strategy to double its data center computing capacity to 14 gigawatts by 2027. The Iris chip, designed in partnership with Broadcom and manufactured by Taiwan Semiconductor Manufacturing, is an application-specific integrated circuit (ASIC) intended to lower AI computing costs and optimize performance for Meta's advertising and recommendation systems. The move comes as Meta faces skepticism from Wall Street over its heavy capital spending, which is projected to reach up to $145 billion in 2026. Despite the stock trading at a forward P/E of 21—a discount to other Magnificent Seven stocks—Meta sees the investment as a strategic advantage to lead in AI efficiency and support new products like AI agents. The company's AI investments have already driven a 33% year-over-year revenue increase in Q1 2026.
Meta to put AI chip into production in September as it looks to double computing capacity: memo
Meta Platforms plans to begin production of its first in-house AI chip in September 2026, according to an internal memo. The company aims to launch a new chip approximately every six months through 2027 to double its computing capacity. Meta is collaborating with Broadcom for chip design and TSMC for manufacturing. The move is part of Meta's strategy to reduce reliance on external suppliers like Nvidia and optimize costs for AI workloads. The chips are expected to power Meta's data centers and support its AI-driven products, including content recommendation and generative AI features.
Meta to put AI chip into production in September as it looks to double computing capacity
Meta Platforms plans to begin production of its custom AI chip in September 2026, according to an internal memo. The company aims to double its computing capacity and will launch a new chip approximately every six months through 2027. Meta is collaborating with Broadcom for chip design and TSMC for manufacturing. The initiative is part of Meta's broader strategy to reduce reliance on external suppliers and optimize hardware for its AI workloads, including content recommendation and generative AI features.
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Mark Zuckerberg Is Turning Meta Into a Bigger Chipmaker. Its Newest In-House AI Chip Enters Production in September.
Meta Platforms shares rose about 6% after Reuters reported the company will begin manufacturing its own data-center AI chip, code-named Iris, in September 2026. The chip was designed with Broadcom and will be built by Taiwan Semiconductor Manufacturing. Meta plans to launch a new chip every six months through 2027, a faster cadence than the industry norm. The company aims to bring 7 gigawatts of computing capacity online this year and double it to 14 gigawatts by 2027. Iris will augment rather than replace GPUs from Nvidia and AMD. Meta's first-quarter revenue grew 33% year-over-year to $56.3 billion, with a 41% operating margin. The article notes that while Nvidia remains central to Meta's plans, in-house chips could eventually pressure Nvidia's pricing. Meta raised its 2026 capital expenditure forecast to support this build-out.
Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
Meta Platforms plans to begin manufacturing its custom AI chip, code-named 'Iris,' in September 2026 as part of a strategy to double its computing capacity to 14 gigawatts by 2027. The chip, part of the Meta Training and Inference Accelerators (MTIA) project, is designed in-house with help from Broadcom and manufactured by TSMC. Testing took only six weeks with no major issues, signaling progress after years of setbacks. Meta aims to reduce dependence on Nvidia and AMD GPUs and lower computing costs. The company has secured long-term supply agreements with Samsung Electronics, Sandisk, and Sumitomo Electric. Meta also announced developer access to an AI coding model, competing with OpenAI and Anthropic, which boosted its stock by 4.6%. The firm expects to spend up to $145 billion on AI infrastructure this year.