The companies made the announcement at a consumer electronics conference in Berlin last week and said that their engineering and product teams would be working closely together to produce the chips, which will be powered by Qualcomm's Snapdragon platforms.
"Unlike mobile phones, building VR brings novel multidimensional challenges in spatial computing, cost and form factor," said Meta Chief Executive Mark Zuckerberg.
Meta has been investing heavily in VR technologies and in the wider metaverse and, according to Zuckerberg, this type of deep technical integration will help to drive VR towards being a multifunctional computing platform.
While Meta confirmed that it will continue working to develop some of its own silicon solutions this agreement highlights its dependency on technology provided by Qualcomm to bring the metaverse to life.
The deal is specific to Meta’s successful Quest platform which is set to become one of its biggest revenue drivers for XR going forward and how Meta's relationship with Qualcomm evolves when it comes to the development of its VR platforms will be interesting to follow.