Meta plans to start producing its Iris AI chip next month to expand computing capacity to 14 gigawatts by 2025.
Meta Platforms will launch production of its custom Iris AI chip in September, aiming to boost its computing capacity to 14 gigawatts by next year. The move is part of a broader push to enhance AI infrastructure amid rising demand for advanced processing power.
The company’s stock declined despite the announcement, while shares of chip partner Broadcom rose. Meta’s Iris chip is one of four custom accelerators in development, signaling a strategic shift toward in-house AI hardware solutions.
Markets reacted with mixed sentiment, reflecting investor caution over execution risks and broader tech sector volatility.