TechCrunch reports that Meta will begin manufacturing its in-house Iris AI chip in September, built with Broadcom and produced by TSMC. The chip is part of Meta's MTIA family and is meant to supplement the Nvidia GPUs the company currently relies on, cutting hardware costs and easing supply constraints during what TechCrunch describes as a broader component shortage. Meta reportedly aims to roughly double its compute capacity by 2027 as it races Google, Amazon, and Microsoft to control more of its own AI hardware stack. The company has also lined up supply agreements with Samsung, Sandisk, and Sumitomo Electric for supporting components, according to the report.