In the drama that has just played out in Silicon Valley over the future of OpenAI, one side plot concerned an ambitious chip venture by its chief executive Sam Altman. Before he was ousted and reinstated to the helm of the company, Altman had sought to raise as much as $100bn from investors in the Middle East and SoftBank founder Masayoshi Son to build a rival to compete with sector giants Nvidia and Taiwan Semiconductor Manufacturing Co. This would be a vast undertaking. Given that the US chip designer and Taiwanese chipmaker are critical to all things generative AI, Altman is unlikely to be the only one with hopes of taking them on.
In the latest trading session, TSMC (TSM) closed at $97.83, marking a -0.83% move from the previous day.
(Bloomberg) -- Huawei Technologies Co. alarmed politicians from Washington to Tokyo when it took the wraps off a $900 smartphone that signaled China’s rapid advance in semiconductor technology. The episode also thrust the little-known company that made the chip for Huawei into the middle of the US-Chinese battle for geopolitical supremacy.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesSam Al