Leaked Meta Memo: Double AI Compute to 14 GW by 2027, 'Iris' Custom Chip to Mass Production in September

Reuters (via U.S. News)·medium signal

A leaked internal memo amplified July 10-11 (as Meta stock rose ~7%) shows Meta plans to grow AI compute from 7 GW in 2026 to 14 GW in 2027 at roughly $145B annual capex, with its in-house 'Iris' inference chip clearing testing in six weeks and entering mass production this September. Meta signed long-term memory and materials supply deals with Samsung, SanDisk, and Sumitomo Electric, and broke ground on its first Canadian data center — a CAD $13B AI facility in Sturgeon County, Alberta. Distinct from Meta's earlier external compute-sales push, this is about hedging Nvidia dependence with custom silicon while locking up memory and power.