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Benzinga

Business

Anusuya Lahiri

DARK SECRETS: Meet the new chip maker aiming to outrun tsmc and asml | Vintage Vibes

ASML TSM Taiwan Semiconductor General Catalyst Valor Equity Partners Dan Nystedt Nasdaq San Francisco Semiconductor

AI, chips shutterstock_2198551397

Silicon Valley heavyweights, including Peter Thiel’s Founders Fund, General Catalyst, and Valor Equity Partners, have poured over $100 million into San Francisco chip startup Substrate.

Their investment in the secretive U.S. startup founded in 2022 marks their ambitions to disrupt Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) and ASML Holding NV (NASDAQ:ASML) in advanced chipmaking.

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One subscription that gives you access to news from hundreds of sites

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