The UK-based chip designer pivots to selling its own chips, securing Meta as its first major customer, and challenging long-time industry partners.

The U.K.-headquartered chip design company Arm Holdings Plc. is reportedly planning to launch its first-ever complete semiconductor after securing Facebook’s parent company Meta Platforms Inc. as one of its first customers.

Arm's designs power nearly every smartphone and mobile device in the world, along with Apple Mac and Qualcomm-powered Windows PCs. They generally use less power for the same level of compute as Intel and AMD chips, so they've become desirable for data farms that power AI applications as well.