Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip ^52.8%

TechCrunch - By Julie Bort - 6/30/2026, 6:13 PM

Framing Effect 31.8% - Halo Effect 26.4% - Availability Heuristic 25.3%

Nvidia AI chip competitor Etched issued a progress report on Tuesday, after TSMC successfully manufactured its chip earlier this year. The startup says it has already booked $1 billion in contract orders for its product: full systems powered by those chips. Etched is currently in the process of testing that first product with customers.... more