Autopilot(@joinautopilot):Breaking: A leaked Meta memo revealed they're spending $145,000,000,000 on AI this year and just signed long-term supply deals to lock in the hardware Their in-house AI chip "Iris" goes into production in September The companies named in the deal: • Sumitomo Electric $SMTOY *Meta's fiber optic equipment supplier under a multi-year contract • SanDisk $SNDK *Meta's NAND flash storage supplier under a multi-year contract. SanDisk already has $42,000,000,000 in minimum contracted revenue • Broadcom $AVGO *Co-designing the Iris chip with Meta. If Iris scales, Broadcom scales with it • Taiwan Semiconductor $TSM *Manufacturing the Iris chip. Every Meta AI chip ships from their fabs

2026.07.14 14:11

Breaking: A leaked Meta memo revealed they're spending $145,000,000,000 on AI this year and just signed long-term supply deals to lock in the hardware Their in-house AI chip "Iris" goes into production in September The companies named in the deal: • Sumitomo Electric $SMTOY *Meta's fiber optic equipment supplier under a multi-year contract • SanDisk $SNDK *Meta's NAND flash storage supplier under a multi-year contract. SanDisk already has $42,000,000,000 in minimum contracted revenue • Broadcom $AVGO *Co-designing the Iris chip with Meta. If Iris scales, Broadcom scales with it • Taiwan Semiconductor $TSM *Manufacturing the Iris chip. Every Meta AI chip ships from their fabs