Fundraise comes two weeks after company announced $10bn deal with OpenAI

Reverses previous decision from the company to manufacture 7nm chips at the site

Demand still high from those running HPC workloads

Project will reportedly be led by former Qualcomm exec Eric Demmers

Transaction expected to close in early 2027

Company saw $440m of sales to China during the year, and is in discussions with customers for multi-year Helios deployments

Technology will support AI infrastructure demands, with prototypes expected to be available in 2027

Comes in same week Nvidia CEO downplays $100bn investment pledge in OpenAI

Startup founded by former engineers from Intel and AMD

No timeline for deployment has been provided

Installation expected to take place in the first half of 2026

Consumer electronics customers already having to readjust purchase orders

Company posted net sales of €32.7 billion for the year

Government is reportedly weighing up conditions under which additional purchases will be greenlit

Company announced number of updates to customers at its annual Qubits user conference

Investors include NVentures, Nvidia’s venture capital arm

CPU had previously only been available as part of Vera Rubin Superchip

Production at the site slated for latter half of 2028

Dawn supercomputer at University of Cambridge will be upgraded with AMD MI355X GPUs

Designed using TSMC’s 3nm process technology, company has already deployed chip in its US Central data center region

Fourth IonQ acquisition in less than a year

Funding round saw investment from Microsoft’s Venture Fund and Aramco Ventures

Intel CFO said that although chipmaker expected core counts to increase, “unit volumes were not”

Intel was reportedly mulling a $1.6bn acquisition of the AI solution provider as recently as last month