Mark Zuckerberg's Meta Abandons Custom Chip Development For Orion AR Glasses: Report

Quick Summary:

What Happened: The in-house chip development was considered too costly and not in line with the company’s current business objectives, reported Fortune, citing two people familiar with the company and changes.

Meta has decided to rely on third-party chipmakers like Qualcomm Inc.(NASDAQ:QCOM) for its forthcoming prototypes and potential future versions of the AR glasses, the report noted, citing one source.

Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:META) has reportedly decided to discontinue its custom chip development for its upcoming augmented reality glasses.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesSingapore

Topics: META US7475251036 Media News Benzinga Mark Zuckerberg Consumer Tech Chips Orion Tech QCOM Benzinga neuro Stories That Matter Gadgets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 08:24:17 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22289853

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