First facility to be located in Chennai

Department has signed a non-binding preliminary memorandum of terms with the company

Team of Tagore engineers will join the company

Further extends program launched by department in 2023

Brings company’s total funding to $4.5m

Company spun out of the Delft University of Technology in 2018

Brings total raised by the company to $120m

Deal expected to close in 2025

Company claims its algorithm-specific chips are significantly faster than Nvidia’s upcoming Blackwell offering

Project aims to advance quantum networking capabilities

Company has raised $120 million to date

Round was led by UKI2S and Cambridge Enterprise

Funds will support development of carbon nanotube-based quantum technology

Confirmed by Elon Musk

Largest one-off direct foreign investment in the country

Phase 1 inquiry will run until August 14

Wants South Korea to become market leader in AI chip space

One of the largest funding raises by European chip company

Round was led by Nordic venture capitalist firm Butterfly Ventures

Funding will be used to help grow the company’s workforce

Country also wants to establish 10 new design and packaging companies

Money will be used to manage venture capital and finance chip manufacturing equipment

Company will use funding to scale R&D efforts and develop its prototype technology

Country wants to challenge Taiwanese fabless rivals and increase market share