Looking to engage with supercomputer manufacturers and hardware providers

Has sold 16.5 million shares to an entity managed by Heights Capital Management

Claims it was forced to act due to “serious governance shortcomings” at the company

Chip designer said it also plans to double UK headcount

Follows acquisitions of Edge Impulse and Foundries.io

Will use funds to further commercialize its technology

Deal to expand GSME’s global presence, company claims

Deal will also allow OpenAI to take a ten percent stake in the chipmaker

Startup spun-out of Caltech in 2023

Five months after the agreement was signed, no investments have been finalized or export licenses signed

Follows reports chipmaker has engaged in similar talks with Apple

Terms of the deal have not been disclosed

Will use funds to boost manufacturing and data center capacity in the US

Chipmakers say Stargate will ultimately require 900,000 DRAM chips a month

Funds will be used to support production of company’s Rebel-Quad AI accelerator

Comes hot on heels of Microsoft collaboration

Government data says UK chip sector is expected to grow by 75 percent by 2030

Struggling chipmaker has already secured backing from SoftBank and Nvidia in effort to reverse its fortunes

Comes as Cohere reveals $7bn valuation off the back of latest funding round

Aims to boost power management portfolio

Round was led by Fidelity Management & Research Company, with participation from Maverick Silicon and Walden Catalyst Ventures

Decision was announced ahead of meeting where council were expected to deny the application

Site will form part of a larger planned data center park in the region

System is fastest academic supercomputer in Canada