Meta Platforms Announces In-House AI Chip Production and Long-Term Supply Agreement with SanDisk

Meta Platforms has announced plans to begin producing an in-house AI chip starting in September, aiming to double its AI compute capacity by next year. As part of this initiative, Meta has entered a long-term supply agreement with SanDisk for flash storage needed to support the expansion of its data centers.

By Harsh Chauhan · Motley Fool ·

Meta Platforms Announces In-House AI Chip Production and Long-Term Supply Agreement with SanDisk

Tickers: $META $SNDK

Topics: AI data center expansion in-house chip development supply agreements

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