Meta, EssilorLuxottica in talks to double smart glass output, Bloomberg says

Meta Platforms (META) and EssilorLuxottica (ESLOY) are in talks to potentially double production capacity for their smart glasses by the end of this year amid growing demand, Daniele Lepido and Antonio Vanuzzo of Bloomberg report, citing people familiar with the matter. Meta suggested increasing annual capacity to 20M units or more by the end of 2026 as sales of the Ray-Ban Meta frames ramp, sources told Bloomberg. The two companies have also discussed establishing the capability to provide over 30M units, should demand justify such a move, the people said.