What is the name of the new chip and who designs it?

The chip is called Iris, designed by Meta with Broadcom, and manufactured by TSMC.

What is the goal of producing this chip?

Meta aims to double its computing capacity to 14 GW next year to boost AI capabilities.

Will the chip be sold to other companies?

The chip is expected to be used internally in Meta's data centers; no commercial sales have been announced.

Meta to Start AI Chip Production in September 2026

Meta Platforms will begin production of a new AI chip in September 2026 as part of a four-generation project to boost computing capacity to 14 GW next year.

July 9, 2026

2 min read

Source: Reuters

Key Numbers

computing capacity 2027

14 GW

Meta Platforms (META) plans to start manufacturing a new artificial intelligence chip in September 2026, according to an internal memo reviewed by Reuters. The chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) designed in-house.

The Product

"Iris" is tailored for Meta's data center needs, accelerating AI training and inference tasks. Meta is working with Broadcom on chip design and Taiwan Semiconductor Manufacturing Co (TSMC) for manufacturing.

Pricing and Availability

Meta has not disclosed pricing or commercial availability; the chip is expected to be used internally in Meta's data centers.

Competition

Meta enters a crowded AI chip market dominated by NVIDIA, AMD, and Google. However, the custom design for Meta's specific workloads may offer efficiency advantages.

Potential Impact on Meta

The project aims to double Meta's overall computing capacity to 14 gigawatts by next year, enhancing its AI capabilities and reducing reliance on external suppliers.

Frequently Asked Questions

Meta will begin manufacturing the Iris chip in September 2026.

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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.