Browsing: chip

SEOUL, Aug 21 (Reuters) – South Korea plans to create a new fund to channel tax windfalls from the country’s semiconductor boom into supporting ‌younger generations and invest in future growth industries such as artificial ‌intelligence, the budget ministry said on Friday.

Founded in 2022, Etched has emerged as a closely watched AI chip startup after raising $700 million from Jane Street and others at a $21 billion valuation. Yuvraj Malik·Stocktwits Published Aug 19, 2026   |   3:11 AM EDT

A few weeks after closing a $300 million round backed by Nvidia Corp., Etched Inc. today announced that it has raised an additional $700 million in funding.

India’s semiconductor startups are attracting increasing investor interest, but many face a funding gap when they move from chip design to commercial production, limiting their ability to scale in a capital-intensive sector.

Samsung’s chip division experienced a 250-fold increase in profits, largely driven by high demand for AI hardware. Other companies like Palantir, Cloudflare, and Hon Hai also reported significant financial growth attributed to similar market demands.