Meta to put AI chip into production in September as it looks to doubl…

Meta enters production of its Iris AI chip in September as part of a plan to double computing capacity to 14 gigawatts by 2027, reducing dependence on Nvidia and AMD whilst securing long-term supply agreements for memory, storage, and optical components. If you sell memory, flash storage, or optical components to hyperscalers, Meta's long-term volume commitments just reset the market price floor—and your buyers will demand matching terms. If you're building AI software, the cost per inference just became contestable: custom silicon at scale kills Nvidia's pricing power.