Comments made on company’s Q1 2026 earnings call

Company is still evaluating locations in the state of Telangana

Funding round was led by Koch Disruptive Technologies (KDT)

Previous round from 2024 raised $640m at a $2.8bn valuation

But lawmakers still unhappy with the decision to grant export licenses to China

Violations occurred between 2015 and 2021, Department of Commerce claims

The SpiNNcloud Server System will comprise 656,640 cores

Deal is worth $950m, with $50m to be paid on completion of technical milestones

Eight-year deal was confirmed by Tesla CEO Elon Musk on X

Claims costs of chips made at Arizona fab are between 5 and 20 percent higher than those produced in Taiwan

Cluster used by company’s SB Intuitions subsidiary now contains more than 10,000 GPUs

Comments made during Trump’s speech introducing US government’s new AI Action Plan

Company recorded revenue of $16.1bn for the quarter

Offers on-device supports for LLMs and VLMs

Company raised $59 million during Series B funding round

The system, named Magne, is expected to be operational by 2027

Company claims its accelerators could increase data center capacity 100x

AI accelerators will be available via LG’s EXAONE platform

Company says 30 percent of 2nm production capacity will be located in Arizona

Comes as US lawmakers criticize move to grant export licenses

V-GaN Tech Hub also receives funding for opening of new test lab

Drives now available to customers globally

Company announces shipment of its first High NA system during the quarter

Follows news that Nvidia will be allowed to export its H20 chips to China