Arm has historically been known as the "Switzerland" of chip technology firms, a reputation it received by dealing neutrally with competing chipmakers. It counts Apple, Google, Nvidia, Amazon, Microsoft, Qualcomm and Intel as customers.
Meta is spending as much as $65 billion this year on capital expenditures for artificial intelligence development. While much of its spending is on Nvidia-based systems, Meta has also purchased other chips, including AMD's competitor, and said it is developing its own chip internally.