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Snowcap Compute, which is working on building AI computing chips using superconducting tech, raised a $23M seed and says Pat Gelsinger will join its board (Stephen Nellis/Reuters)

Stephen Nellis / Reuters : Snowcap Compute, which is working on building AI computing chips using superconducting tech, raised a $23M see...

2 November 2023

Sources: YMTC has had to raise billions of dollars in capital, after burning through $7B over the past year, as the Chinese chipmaker tries to adapt to US curbs (Financial Times)

Financial Times:
Sources: YMTC has had to raise billions of dollars in capital, after burning through $7B over the past year, as the Chinese chipmaker tries to adapt to US curbs  —  Memory chipmaker was running out of cash after a year of combating Washington's tighter controls

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