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The Economic Times
Meta to put AI chip into production in September as it looks to double computing capacity
Meta is set to initiate the production of its proprietary AI chip, Iris, in September, with the goal to enhance its computing capabilities significantly. Testing revealed no major issues, hinting at a faster production timeline than expected. The initiative seeks to minimize Meta's dependency on external chip manufacturers like Nvidia and AMD while preparing the company to meet the growing demand for AI-powered applications. Meta's expansive plans include significant investments in computing infrastructure, projecting costs around $145 billion this year as it confronts rising chip costs and aims for a doubling of total computing capacity by 2027.
MonitorConfidence: HighShort term horizon
Published 12 Jul 2026, 20:30 UTC4 min read
Visit original article ↗Lead image — The Economic Times
Summary
TL;DR
- Meta's AI chip production starts in September to double computing capacity
- Testing completed within six weeks with no major issues reported
- Collaboration with Broadcom and TSMC for chip design and manufacturing
- Meta plans to unveil a new chip every six months until 2027
- The company expects to spend $145 billion on AI infrastructure this year
Interesting facts
- One gigawatt of energy can power about 800,000 homes
- Meta is one of the few 'hyperscalers' designing its own chips to stay competitive
- The term 'chipflation' has emerged amid rising demand for memory and AI chips