META plans to double its AI computing capacity by 2027 and will begin manufacturing its in-house Iris AI chip in September, designed with AVGO (Broadcom) and manufactured by TSM (TSMC). This initiative aims to reduce reliance on NVDA (Nvidia) and AMD GPUs, supported by supply agreements with Samsung, SNDK (SanDisk), and Sumitomo Electric. Increased capex sentiment from Big Tech is driving a recovery in the semiconductor sector.