Meta Platforms Announces In-House AI Chip Development and Computing Expansion

Meta Platforms (NASDAQ:META) plans to begin manufacturing its in-house AI chip named Iris by September. The company is collaborating with Broadcom on design and TSMC for production, aiming to enhance control over computing infrastructure while reducing inference costs at scale.

By Habib Ur Rehman Wed, July 15, 2026 at 1:00 PM GMT+3 2 min read · Yahoo Finance ·

Meta Platforms Announces In-House AI Chip Development and Computing Expansion

Tickers: $AVGO $META $TSM

Topics: AI computing_capacity custom_chips

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