Follows similar deal struck by Trump administration with Intel

Partners say agreement will support new market opportunities

Japanese government expected to contribute $3.2bn in subsidies

Company uses lasers to write data onto durable quartz glass

Chipmaker operated at the site for more than 25 years

Comes 18 months after investment was first announced

Company was founded by former Google and Meta executives

Plus more chip funding news

Restructuring plan follows closure of company’s acquisition of Ansys

Company said funding will be used to accelerate large scale deployments of its inferencing platform

Growth driven by continuing demand for AI compute infrastructure

European neocloud’s capex hit just under $1bn in Q3 2025

Prior to his appointment in April, Sachin Katti had led Intel’s networking and Edge group

Offloaded shares to finance its OpenAI investments

Startup is collaborating with lead investor NXP Semiconductors

Companies will collaborate on quantum algorithms and neutral atom hardware

Latest instance of Intel silicon exec leaving for chipmaker for rival company

A £14m funding award for quantum sensor technology has also been announced

Growth primarily driven by continuing strong CPU and GPU sales

Deal will see the newly formed entity valued at $3.1bn

Deal to run for seven years, and will likely see AWS build additional infrastructure to meet startup’s capacity demands

Government will also establish a National AI Computing Center

Discussions still in early stages, and sale not guaranteed

Funding round saw San-Francisco-based startup valued at $1bn