- Meta Platforms Inc (NASDAQ:FB) looked forward to an alternative chip from Qualcomm Inc (NASDAQ:QCOM) for the second model of the company's Ray-Ban smart glasses, the Information reports.
- Meta targeted far greater control over its products' features, size, and battery life to compete with Apple by building its own power-efficient AR and VR chips.
- Also Read: Read Why Qualcomm Failed To Mark AI Chip Debut With Meta
- Meta wants to control critical technologies and reduce reliance on off-the-shelf silicon providers like Qualcomm, as per the Information.
- The in-house chip would enable various features, including taking high-quality photos and videos.
- However, Meta's augmented reality chief Alex Himel felt that using it could delay the launch of the glasses, set for 2023.
- Meta's decision marked a setback for its in-house silicon unit Facebook Agile Silicon Team.
- Price Action: QCOM shares traded higher by 0.31% at $137.12 on the last check Monday.
