The SMART USA Institute will be headquartered in Durham, North Carolina

Group aims to establish an open industry standard for AI interconnect solutions

Companies reach settlement and will “explore new opportunities for collaboration”

Would make TikTok’s parent company one of Nvidia’s biggest customers

Will support the three companies' planned investments across Texas, Utah, and Arizona

Former CEO Pat Gelsinger amongst executives named in the case

Plus a roundup of some other recent chip funding news

SMART USA Institute aims to advance semiconductor manufacturing with digital twin technology

Company also faces Nasdaq delisting amidst financial reporting issues

Company previously pledged $50bn investment in the country during Trump’s first term

Fifth company to finalize funding agreement

Codenamed Baltra, the chips are expected to be mass-produced by 2026

Will allow up to 1,000 accelerators to be connected together as one cluster

Fourth company to finalize negotiations with Department of Commerce

Comes after chipmaker finalized CHIPS and Science Act funding

Three-pronged strategy comes with CA$2bn investment pledge

Company valued at $2.6bn

Two interim CEOs have been appointed until a replacement is found

Company will receive $7.9bn

The photonics computing company is working with GlobalFoundries, ASE, and Amkor on the production of its hardware offering

Two hardware announcements were made by Nvidia at this year’s Supercomputing conference in Atlanta

Will provide users with access to IQM Crystal and IQM Star

Has capacity to expand cluster up to 40MW

Quantum computers will be used to bolster US defense capabilities