OpenAI’s Sam Altman courts investors to raise billions for chip manufacturing venture
OpenAI CEO Sam Altman is seeking to secure billions of dollars from global investors for a chip venture, according to Bloomberg. The intention is to utilize these funds to establish a network of factories dedicated to semiconductor manufacturing. Manufacturing plant in the works Bloomberg, citing unnamed sources, reported that Altman is engaging in discussions with numerous prominent potential investors. The aim is to secure substantial funding for the establishment of chip fabrication plants, commonly referred to as fabs. The project entails collaboration with major chipmaking companies for semiconductor manufacturing . Altman’s goal is to establish a global network of semiconductor fabs, necessitating raising tens of billions of dollars. The scarcity of fabs capable of producing high-end chips compels Altman to compete with industry giants like Apple, requiring substantial backing from deep-pocketed investors willing to cover costs. This initiative coincides with the gro...