Meta to put AI chip into production in September as it looks to double computing capacity: memo
businesstimes.com.sg Jul 13, 2026

Meta to put AI chip into production in September as it looks to double computing capacity: memo

AI-summarised brief · reviewed before publication

Meta Platforms will begin manufacturing its custom AI chip, code-named “Iris,” in September, according to an internal memo reviewed by Reuters. The chip, part of the Meta Training and Inference Accelerators project, is designed in-house with assistance from Broadcom and manufactured by TSMC. Testing concluded in six weeks with no major issues, marking a significant turnaround for the initiative after previous struggles. Meta aims to double its computing capacity to 14 gigawatts next year, deploying seven gigawatts in 2026. The company plans to release a new chip every six months through 2027, accelerating its roadmap to reduce reliance on Nvidia and AMD. This strategy seeks to lower massive computing costs and enhance independence. While shares initially dipped following the report, they recovered after Meta announced developer access to a new AI coding model, trading up 4.6 percent. The move underscores Meta’s determination to control its AI infrastructure and compete effectively in the rapidly evolving artificial intelligence landscape.

💡 Why It Matters

  • · Meta’s accelerated six-month release cycle challenges the industry standard, forcing competitors to reconsider their own hardware roadmaps.
  • · By vertically integrating chip design, Meta secures a critical cost advantage that defines future AI profitability.