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Technology 13 Apr 2021 | 9:15 PM

AI chip maker SambaNova raises $676 million, valued at over $5 billion

(Reuters) - SambaNova Systems, a Silicon Valley startup that makes semiconductors for artificial intelligence related computation work, said on Tuesday it raised $676 million in a funding round led by SoftBank Group Corp's Vision Fund 2.

Technology 12 Apr 2021 | 6:14 PM

As Biden works to fix chips shortage, Intel promises help for automakers

WASHINGTON (Reuters) -U.S. President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has hit automakers and spurred Intel Corp to announce it plans to make chips for car plants at its factories in the next six to nine months.

Technology 08 Apr 2021 | 7:16 PM

Europe should invest in chip design, not a mega-fab - think tank

BERLIN (Reuters) - Europe's ambition to make the most powerful computer chips risks wasting billions of euros, a German think tank said in a report on Thursday, urging policy makers to focus instead on rebuilding the region's chip design industry.