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Samsung Secures New AI Chip Customer

The contact chip manufacturing arm of Samsung has acquired a new artificial intelligence chip customer, the company announced on Monday. This new company is Canadian startup Tenstorrent; a producer of chips and intellectual property for data centers as well as automotive and other industries. Tenstorrent is looking to compete against the likes of Nvidia.

Samsung will permit Tenstorrent to produce chips using the South Korean company’s advanced manufacturing processes, known as 4nm. The product to be manufactured under this deal is a chiplet, which will be one of several in a single package. The value of the deal and the quantity of chips to be produced remain undisclosed.

Prior to sealing this deal, Samsung invested in Tenstorrent in a fundraising round in August that saw the Canadian company raise $100 million in capital. Before that, Tenstorrent raised $234.5 million to get a $1 billion valuation.

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