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Efosa Udinmwen

$10 billion startup gets SK Hynix backing to build a transformer that does just one thing but exceedingly well

SK Hynix Etched United States Memory
Etched system tray.
  • Etched reached a $10.3 billion valuation after securing fresh SK Hynix backing
  • The startup built custom processors specifically for demanding AI inference workloads
  • Etched says conventional GPUs waste power during many inference tasks today

Etched, a US-based AI chip startup, has secured fresh backing from SK Hynix as it hits a $10.3 billion valuation while pursuing processors built specifically for inference workloads.

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