Astera Labs, a fabless chip startup, nabs $50M at a $950M valuation to remove bottlenecks in high-bandwidth cloud applications

Astera Labs

Astera Labs, a fabless semiconductor company that builds connectivity solutions that help remove bottlenecks around high-bandwidth applications and help better allocate resources around enterprise data, has raised $50 million.

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Intel will spend $94.7 billion in Europe to create chip factories

Chip factories

The worldwide semiconductor scarcity, as well as the desire to build a better supply chain, are driving semiconductor behemoths to spend heavily in North America and Europe. Intel is no exception, and it is also driven by a desire to reclaim the lead in process technology.
Intel CEO Pat Gelsinger gave his first keynote since taking office on Tuesday, capping up the first day of the IAA Mobility conference in Munich, Germany.

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