What is the name of Meta's new chip?

The chip is codenamed Iris and is part of the MTIA project.

Why is Meta developing its own chip?

To reduce reliance on suppliers like Nvidia and AMD and lower compute costs.

How long did testing the chip take?

Testing the chip took only six weeks.

Meta to Produce AI Chip 'Iris' in September, Memo Shows

Meta is set to produce its in-house AI data center chip, codenamed 'Iris,' in September, according to an internal memo seen by Reuters. The chip aims to reduce dependence on suppliers like Nvidia and AMD and lower computing costs.

July 10, 2026

2 min read

Source: Reuters Videos

Key Numbers

testing period

6 weeks

Meta Platforms (META) plans to produce its custom AI data center chip, codenamed "Iris," in September, according to an internal memo seen by Reuters. The move is intended to reduce reliance on chip suppliers such as Nvidia (NVDA) and AMD (AMD) and lower compute costs.

The Product

The "Iris" chip is part of a four-generation project called Meta Training and Inference Accelerator (MTIA), designed in-house. It aims to improve the efficiency of AI operations powering Facebook and Instagram. Testing of the chip took only six weeks.

Pricing and Availability

Meta has not disclosed pricing or commercial availability details. The chip is expected to be used internally initially to run the company's AI systems.

Competition

The initiative comes as Meta seeks to reduce its dependence on expensive AI chips from Nvidia and AMD, which dominate the market. It also aims to optimize cost structures to support new business models competing with OpenAI and Anthropic.

Potential Impact on the Company

By developing a custom chip, Meta aims to achieve greater supply chain independence and cost control. A chip tailored to its needs could improve operational efficiency and help offer competitive AI services.

Frequently Asked Questions

Meta plans to produce its Iris chip in September, according to an internal memo.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.