(Reuters) -Arm Holdings plans to launch its own chip this year after securing Meta Platforms as one of its first customers, in a major shift to the chip tech provider's model of licensing its blueprints to other companies,

Arm, which is majorly owned by SoftBank, will start making its own chips now that Meta has signed on as a customer, according to the Financial Times. The chip is expected to be a CPU for servers in large data centers and can be customized for various customers. Arm will outsource its production.

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