Jane Street, TSMC-linked AI startup Etched raises $800 million

July 1, 2026

AI chip challenger Etched has secured a massive $800 million in funding, with backing from industry heavyweights like Jane Street and a firm linked to TSMC. The startup, aiming to rival Nvidia, is set to begin shipping its AI chips this summer. Etched has already inked $1 billion in sales contracts and boasts an impressive roster of investors, including AI pioneer Geoffrey Hinton.

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