FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Meta Platforms Aims to Start AI Chip Production in September to Boost Computing Capacity

By

Meta Platforms (META) is aiming to start the production of artificial intelligence chips from September, amid plans to increase its computing capacity to 14 gigawatts next year, Reuters reported Thursday, citing an internal memo.

Testing of the chip, code-named "Iris," took six weeks and found no major issues, Reuters reported.

Meta did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $614.24, Change: $+11.12, Percent Change: +1.84%

Related Articles

Wire

Republic Power Group Regains Nasdaq Minimum Bid Price Compliance

Republic Power Group (RPGL) regained compliance with the Nasdaq Stock Market minimum bid price requirement.Nasdaq has closed the matter, the company said Wednesday in a statement.Republic Power shares jumped 34% in after-hours trading.

$RPGL
Wire

Byrna Technologies to Acquire HERO Defense Systems for $1.25 Million in Cash, Stock

Byrna Technologies (BYRN) agreed to acquire HERO Defense Systems $1.25 million in cash and stock, adding compact everyday-carry personal defense products to its lineup.The consideration includes $625,000 in cash, $625,000 in restricted shares, and a performance-based royalty tied to future net sales of HERO products, Byrna said Wednesday in a statement.The transaction is expected to close within 30 days.Byrna shares rose 4.9% in after-hours trading.

$BYRN
Wire

Ampco-Pittsburgh Reports Higher Customer Order Activity for H1

Ampco-Pittsburgh (AP) said Wednesday its customer order activity in the first half of 2026 totaled about $268 million, up from $204 million in the same period a year earlier.Customer order activity in the company's Forged and Cast Engineered Products segment rose 25% in the first six months of 2026, while Air and Liquid Processing experienced 42% growth year over year, according to a statement.Shares rose more than 15% in after-hours trading.

$AP
Market Chatter: Meta Platforms Aims to Start AI Chip Production in September to Boost Computing Capacity | FINWIRES