Round was co-led by DCVC and Kembara, with participation from new investors British Business Bank and Firgun

Chip giant also said customer demand for its new Arm AGI CPU has hit $2bn

McLean has previously worked at Analog Devices, Texas Instruments, and National Semiconductor

Despite significant double-digit data center growth, total revenue remained flat quarter-on-quarter

Company’s shares surged by more than 15 percent to push it past the $1tn mark

Investors in the Series B round included Intel Capital, IQT, and ETF Partners

Company says acquisition will boost its AI and data center product offerings

Chipmaker has also hired former Qualcomm exec Alex Katouzian to oversee its Client Computing & Physical AI Group

Record-breaking growth primarily driven by memory demand

Chipmaker netted $231m from sale of its remaining stake in British chip designer this week

Technology Secretary Liz Kendall said she will not accept “defeatism” that the hardware race has already been won by the US and Taiwan

Project overseen by company formerly known as Bitfarms now heads to Mercer County Regional Planning Commission for approval

Startup designs custom application-specific photonic chips

Revenue share payments will also no longer be contingent on OpenAI achieving AGI

Social media giant says it will deploy “tens of millions” of Graviton5 cores in support of agentic AI workloads

Shares in the company rose 20 percent after results were published

The rally foreshadows 18 days of planned strike action set to take place in May

Chipmaker says all its announced technologies will be manufactured without the need of high-NA EUV tools

Financial terms of the deal have not been disclosed

Construction of P&T7 will begin later this month

Former Intel CEO Pat Gelsinger joins company’s board of directors

Unions undertaking planned industrial action have labeled the move a “declaration of war”

Company was launched by Rigetti Computing founder in 2024

Potential for additional shares to be issued if DustPhotonics hits certain financial milestones