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September 3 news, according to reports, Facebook parent company Meta and Qualcomm announced today at the "Berlin Consumer Electronics Show" that the two sides have signed an agreement for Qualcomm to produce custom chipsets for Meta's Quest virtual reality (VR) device. 

Meta and Qualcomm said in a statement that the companies' engineering and product teams will work together to produce the chips. The chips will be powered by Qualcomm's "Snapdragon" platform.

The companies did not disclose financial details of the deal. But the collaboration shows Meta's recognition and continued support of Qualcomm's technology, even as Meta is trying to develop its own custom chips for its planned line of virtual, augmented and mixed reality devices.

In response, a Meta spokesperson said that while the chipset produced through this collaboration is not unique to Meta, it is specifically optimized for the Quest's system specifications. The partnership agreement only covers virtual reality devices, and Meta will continue to work on developing some of its own new silicon solutions, Yi said.

"In some cases, we use off-the-shelf chips, or work with industry partners to customize them; but at the same time, we also explore new chip solutions of our own. Therefore, it is possible to have both in the same product at the same time," the spokesperson said. A case of using partners and bespoke solutions. It's all about creating the best 'metaverse' experience possible."

For years, Meta has relied on Qualcomm chips for its virtual reality devices, including its latest Quest 2 headset. According to research firm IDC, the Quest 2 holds about 90 percent of the virtual reality hardware market.

In addition, Meta has invested heavily in technologies such as full-color pass-through and augmented reality glasses in an attempt to bring CEO Mark Zuckerberg's "metaverse" vision to life.