
Silicon Valley heavyweights, including Peter Thiel’s Founders Fund, General Catalyst, and Valor Equity Partners, have poured over $100 million into San Francisco chip startup Substrate.
Their investment in the secretive U.S. startup founded in 2022 marks their ambitions to disrupt Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) and ASML Holding NV (NASDAQ:ASML) in advanced chipmaking.