AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

AI chip startup Etched closed a $300 million Series C at $10.3 billion valuation, led by Sequoia and backed by Andreessen Horowitz and SK Hynix. The company has manufactured its custom chips, booked $1 billion in orders, and designed components to accelerate AI inference for transformer and non-transformer models.

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