Source Foundry, a chipmaking startup reportedly valued at $5 billion, has secured fresh investment from hedge fund Situational Awareness as it seeks to reinvent semiconductor manufacturing.
Situational Awareness Bets Big on Chip Startup Situational Awareness has invested $500 million in Source Foundry, including a new $400 million infusion this week, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The investment comes as the hedge fund faces pressure from losses tied to its bets on artificial intelligence companies and technologies.
Situational Awareness did not immediately respond to Benzinga‘s request for comment.
Source Foundry was founded last year by Stanford researchers Abdulmalik Obaid and Joe Burg.
