CXMT is nearing LPDDR6 production. The company that just IPO’d at 470% could give Samsung and SK Hynix a competitor in next-gen phone memory.
CXMT is nearing LPDDR6 production. The company that just IPO’d at 470% could give Samsung and SK Hynix a competitor in next-gen phone memory.

ChangXin Memory Technologies has nearly completed R&D verification for LPDDR6 smartphone memory at speeds of up to 12.8Gbps, China Business News reported. This is one of the final technical stages before trial production. CXMT could begin mass prod…

A startup says the AI bottleneck isn’t compute. It’s memory, and it ditched the GPU to prove it.
A startup says the AI bottleneck isn’t compute. It’s memory, and it ditched the GPU to prove it.

The AI hardware conversation is stuck on one word: compute. A startup out of Tel Aviv wants to change the word to memory. Majestic Labs, founded in 2023 by former Google and Meta engineers, has unveiled a server it says can do the work of a rack of Nvi…

Sequoia leads $1 billion round for Valar Atomics as the nuclear startup triples its valuation to $6 billion
Sequoia leads $1 billion round for Valar Atomics as the nuclear startup triples its valuation to $6 billion

Sequoia Capital led a $1 billion Series B for Valar Atomics, valuing the nuclear startup at $6 billion. That is three times the $2 billion valuation from its earlier round just months ago. Atreides Management, Point72, and Snowpoint Ventures also parti…

Nvidia’s real moat was never the chips. AI has started rewriting it.
Nvidia’s real moat was never the chips. AI has started rewriting it.

The usual story about Nvidia is a hardware story: the fastest chips, in the shortest supply, at the highest price. The more important part is software. For two decades the company’s real moat has been CUDA. It is the layer that turns its silicon into s…

A two-year-old battery startup just hit $13bn by turning American homes into grid capacity.
A two-year-old battery startup just hit $13bn by turning American homes into grid capacity.

A home-battery company that did not exist three years ago is now worth $13bn. Base Power has raised $1bn in a Series D and launched its own battery, Base Core. The bet behind the number is blunt: the grid cannot keep up with America’s power demand, and…

A Korean chip startup just quadrupled to $2.2bn, betting AI’s next money is outside the data centre.
A Korean chip startup just quadrupled to $2.2bn, betting AI’s next money is outside the data centre.

A South Korean chip designer few outside the industry have heard of just became a $2.2bn company. DeepX has signed the first tranche of a Series D round that values it at roughly four times its previous mark. And it is not finished raising. The first s…

Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public
Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

The AI boom needs colossal amounts of electricity. That has turned fusion, forever mocked as “30 years away,” into one of the hottest bets in tech. The best-funded player just raised another $1 billion. Commonwealth Fusion Systems, based in Massachuset…

Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.
Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.

Most satellite startups are racing to build smaller. K2 Space is going the other way, on purpose. Investors just handed it $500 million to keep going bigger. K2 raised a $500 million Series D at a $6.8 billion valuation, it said on Thursday. Kleiner Pe…

The chips that wire GPUs together are the new prize. Xsight raised $300m to sell an open one.
The chips that wire GPUs together are the new prize. Xsight raised $300m to sell an open one.

The AI boom made GPUs famous. The dull chips that wire thousands of those GPUs together are quietly becoming just as valuable. Xsight Labs, an Israeli chipmaker, has raised more than $300 million at a $2.8 billion valuation, it said on Thursday. Fideli…

China threatens ‘resolute’ retaliation over the US robot ban, and it holds the rare-earth card
China threatens ‘resolute’ retaliation over the US robot ban, and it holds the rare-earth card

The US wanted to keep Chinese robots out. Beijing’s answer: do this, and we will hit back where it hurts. China has threatened “resolute” retaliation after Washington moved to bar imports of Chinese-made humanoid robots. Its commerce ministry called th…