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Meta Begins Iris AI Chip Production, Eyes 14GW Data Centers.

7/18/2026

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Summary

Story summary

Meta Platforms CEO Mark Zuckerberg announced that production of the Iris AI chip will begin in September and that data-center capacity will reach 14 gigawatts by 2027.
Meta partnered with Broadcom to design Iris, while Taiwan Semiconductor Manufacturing will fabricate the ASIC.
AI boosted Meta’s revenue 33% year-over-year in Q1 and improved ad performance.

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Story summary

Meta Platforms CEO Mark Zuckerberg announced that production of the Iris AI chip will begin in September and that data-center capacity will reach 14 gigawatts by 2027.
Meta partnered with Broadcom to design Iris, while Taiwan Semiconductor Manufacturing will fabricate the ASIC.
AI boosted Meta’s revenue 33% year-over-year in Q1 and improved ad performance.