Follows reports chipmaker has engaged in similar talks with Apple

Terms of the deal have not been disclosed

Will use funds to boost manufacturing and data center capacity in the US

Chipmakers say Stargate will ultimately require 900,000 DRAM chips a month

Site is expected to be up and running by 2027

Funds will be used to support production of company’s Rebel-Quad AI accelerator

Comes hot on heels of Microsoft collaboration

Government data says UK chip sector is expected to grow by 75 percent by 2030

Struggling chipmaker has already secured backing from SoftBank and Nvidia in effort to reverse its fortunes

Comes as Cohere reveals $7bn valuation off the back of latest funding round

Company had sought to expand its NVA02 campus on land it acquired in 2023

Aims to boost power management portfolio

Round was led by Fidelity Management & Research Company, with participation from Maverick Silicon and Walden Catalyst Ventures

Decision was announced ahead of meeting where council were expected to deny the application

Site will form part of a larger planned data center park in the region

Facility slated to open in 2027

Company wants to build five additional buildings at Project Zodiac site

System is fastest academic supercomputer in Canada

Round was led by investment firm Disruptive

Will work to connect chip architectures using Nvidia’s NVLink technology

Plus some other quantum news from the week

System will be integrated with Nvidia Grace Hopper superchip

Chip-giant failed to comply with acquisition provisions, regulator rules

News comes as CEO Lip-Bu Tan continues to reshuffle Intel top team