Public semiconductor company Arm will start making its own chips this year after landing a high-profile enterprise customer. Arm, which is majorly owned by SoftBank, will start making its own chips now that Meta has signed on as a customer,

Chip designer Arm plans to unveil its own processor this year with Meta as the launch customer, The Financial Times reported. The chip would be a CPU designed for servers in data centers and would have the potential to be customized for clients.

Rene Haas, Arm’s chief executive, will unveil the first chip that it has made in-house as early as this summer, according to people familiar with the UK-based group’s plans. The move from designing the basic building blocks of a chip to making its own complete processor could also upend the balance of power in the $700bn semiconductor industry,