Bloomberg reports early-stage takeover conversations with the Jim Keller-led AI chip startup, which raised $800m at a $3.2bn valuation last year and counts Bezos Expeditions and Samsung among its backers.
Tenstorrent, the Jim Keller-led AI chip startup, has held early-stage takeover conversations with Intel and Qualcomm, Bloomberg reported on Monday, citing people familiar with the matter.
The talks are at the conversational rather than transactional stage, on the wire’s own framing. Tenstorrent declined to comment, and neither Intel nor Qualcomm has confirmed the discussions on the record.
The valuation backdrop matters. Tenstorrent was in talks to raise $800m at a $3.2bn pre-money valuation led by Fidelity Management in November 2025, up from the $693m Series D it closed in December 2024 at a $2.6bn valuation.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Existing investors include Bezos Expeditions, LG Electronics, Baillie Gifford, and the Healthcare of Ontario Pension Plan. The company is also reportedly sitting on roughly $150m in customer contracts, including manufacturing arrangements with Samsung and automotive-AI commitments with Hyundai.
