Billions of dollars of chips orders at stake as a result of the inaction

Deployment of the servers, dubbed Santa Barbara, expected to start in Q4 2025

System offers 80 petaflops of FP8 compute performance in its first phase

Offers will target deployments across APAC and the Middle East

All three SSDs have been built with built with Micron G9 NAND technology

Memory chips only segment of company’s Device Solutions business that saw growth in the quarter

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

Mullally served as UK government advisor before joining quantum firm in 2022

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

The $50 million project will be funded by private and public investment

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

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 has also made 20-qubit Garnet QPU available on the platform