• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Tech

AI chip firm Kneron raises $49 million as it looks to rival Nvidia, with Foxconn among backers

by
September 26, 2023
in Tech
0
AI chip firm Kneron raises  million as it looks to rival Nvidia, with Foxconn among backers
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Albert Liu, founder and CEO of Kneron.

Harry Murphy | Sportsfile | Getty Images

Kneron, a U.S.-based semiconductor startup, said on Tuesday it raised a fresh round of funding as it looks to ramp up the commercialization of its artificial intelligence chips, which it hopes will rival Nvidia’s.

The company said it raised an additional $49 million, bringing its total round of funding to to $97 million.

Taiwanese giant Foxconn, the company that assembles Apple’s iPhones, and Alltek, a communications tech company, were among the investors in the round.

Kneron is looking to capitalize on massive investor interest in artificial intelligence and the chip technology that underpins it — underscored by Nvidia’s 180% rally this year and the initial public offering of semiconductor designer Arm in the U.S. last week.

Nvidia makes graphics processing units, or GPUs, which run in servers and data centers and can handle the massive computing power required to use huge amounts of data to train artificial intelligence systems. Many AI services today, such as ChatGPT, are run from the cloud.

In contrast, Kneron designs a chipset that goes into devices like consumer electronics and cars that allow AI on the “edge.” That means AI runs on a device rather than in the cloud. Advocates say this is better for security and speed as the AI application doesn’t need to come from the cloud.

Kneron calls its semiconductors neural processing units, or NPUs. Its latest product is called the KL730. This chip is designed for cars and the company says that it can be used to support autonomous driving.

“With this tranche in funding, Kneron is specifically focused on expanding its efforts in enabling AI to make autonomous driving a reality,” Kneron said in a press release.

Kneron has no shortage of competitors from giants like Qualcomm and MediaTek — which are aiming for on-device AI with their chips — and startups developing AI semiconductors.

Foxconn’s semiconductor push

Kneron has managed to get some high-profile backers on board. Foxconn is one of the more interesting ones, given its push to diversify away from just assembling electronics like the iPhone into areas such as electric cars and semiconductors.

As part of Foxconn’s investment in Kneron, the two companies will “accelerate the deployment of advanced AI” for automotive and other areas. They will develop “an ultra-lightweight AI chip that operates” so-called generative pre-trained, or GPT, models from the cloud. GPT models underpin AI applications like ChatGPT.

But Foxconn’s foray into semiconductors so far has been rocky. Last year, it agreed with Indian metals-to-oil conglomerate Vedanta to set up a semiconductor and display production plant in India as part of a $19.5 billion joint venture. But Foxconn pulled out of that venture earlier this year, underscoring the difficulties of cracking the microchip market.

Tags: AmongApple IncArm Holdings PLCArtificial intelligencebackersbusiness newschipEnterpriseFirmFoxconnGenerative AIHon Hai Precision Industry Co LtdInternetKneronMillionNvidiaNVIDIA CorpraisesrivalSemiconductor device manufacturingTechnologyUnited StatesVenture capital
Previous Post

Overcrowded, No Heat, Little Light: Inside SBF’s Prison Digs

Next Post

How to get the new COVID vaccine for free, with or without insurance

Next Post
How to get the new COVID vaccine for free, with or without insurance

How to get the new COVID vaccine for free, with or without insurance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
MP Materials shares jump 19% after 0 million rare earth deal with Apple

MP Materials shares jump 19% after $500 million rare earth deal with Apple

July 15, 2025
Why kids as young as 6 say they want to be skinnier

Why kids as young as 6 say they want to be skinnier

July 15, 2025
Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms

Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms

July 15, 2025
Youth arrested with smuggled gold worth over Rs. 1 billion at BIA

Youth arrested with smuggled gold worth over Rs. 1 billion at BIA

July 15, 2025

Recent News

MP Materials shares jump 19% after 0 million rare earth deal with Apple

MP Materials shares jump 19% after $500 million rare earth deal with Apple

July 15, 2025
Why kids as young as 6 say they want to be skinnier

Why kids as young as 6 say they want to be skinnier

July 15, 2025
Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms

Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms

July 15, 2025
Youth arrested with smuggled gold worth over Rs. 1 billion at BIA

Youth arrested with smuggled gold worth over Rs. 1 billion at BIA

July 15, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

MP Materials shares jump 19% after 0 million rare earth deal with Apple

MP Materials shares jump 19% after $500 million rare earth deal with Apple

July 15, 2025
Why kids as young as 6 say they want to be skinnier

Why kids as young as 6 say they want to be skinnier

July 15, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.