Thiel-Backed Startup Targets US Chip Comeback

Bloomberg•Tuesday, October 28, 2025 at 7:31:05 PM

Substrate, a $1 billion startup backed by prominent investors like Founders Fund and General Catalyst, is making waves in the tech world by aiming to restore the US's leadership in chipmaking. With innovative technology that claims to rival industry giant ASML, Substrate's efforts could significantly impact the semiconductor landscape. The company's CEO, James Proud, has even engaged with members of the Trump administration to discuss their ambitious plans. This initiative is crucial as it addresses the growing need for domestic chip production in a competitive global market.

— Curated by the World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Investing.com7 hours ago

States sue over Trump administration suspending food benefits during shutdown

NegativeFinancial Markets

Several states have filed a lawsuit against the Trump administration for suspending food benefits during the government shutdown. This decision has left many vulnerable families without essential support, highlighting the critical role these benefits play in ensuring food security. The lawsuit aims to restore these benefits, emphasizing the importance of government assistance during tough economic times.

Read full article

via Investing.com

Fortune9 hours ago

A federal judge just indefinitely barred the Trump administration from firing federal employees during the government shutdown

PositiveFinancial Markets

A federal judge has taken a significant step by indefinitely barring the Trump administration from firing federal employees during the ongoing government shutdown. This decision builds on a previous temporary restraining order that was set to expire soon, ensuring job security for federal workers amidst the uncertainty. This ruling is crucial as it protects employees from potential job losses during a time when many are already facing challenges due to the shutdown.

Read full article

via Fortune

Fortune10 hours ago

1.3 million active-duty service members face missed paychecks as government shutdown stubbornly lags on

NegativeFinancial Markets

The ongoing government shutdown is causing significant distress for 1.3 million active-duty service members who may miss their paychecks. This situation is compounded by the Trump administration's announcement that funding for a crucial food assistance program, which supports 42 million Americans, will expire soon. This matters because it highlights the broader impact of political stalemates on everyday citizens, particularly those serving in the military and families relying on food aid.

Read full article

via Fortune

The New York Times10 hours ago

Trump Administration Backs Plan for New Nuclear Plants

PositiveFinancial Markets

The Trump administration has announced its support for a plan to construct new Westinghouse nuclear reactors, a move that could significantly boost the U.S. energy sector. While details are sparse, this initiative follows the recent success of similar reactors at the Alvin W. Vogtle Electric Generating Plant in Georgia. This development is important as it signals a renewed commitment to nuclear energy, which could play a crucial role in meeting future energy demands and reducing carbon emissions.

Read full article

via The New York Times

Investing.com14 hours ago

US startup Substrate announces chipmaking tool that it says will rival ASML

PositiveFinancial Markets

US startup Substrate has unveiled a groundbreaking chipmaking tool that aims to compete with industry giant ASML. This development is significant as it could potentially disrupt the semiconductor market, offering new capabilities and driving innovation. With the increasing demand for advanced chips in various sectors, Substrate's tool could play a crucial role in shaping the future of technology and manufacturing.

Read full article

via Investing.com

The New York Times15 hours ago

Can a Start-Up Make Computer Chips Cheaper Than the Industry’s Giants?

PositiveFinancial Markets

Substrate, a promising start-up based in San Francisco, is making waves in the tech industry by aiming to produce computer chips at a lower cost than established giants like ASML. This innovation could significantly impact the semiconductor market, making advanced technology more accessible and potentially driving down prices for consumers. As the demand for chips continues to grow, Substrate's efforts could reshape the competitive landscape and encourage further advancements in chip manufacturing.

Read full article

via The New York Times

Bloomberga day ago

Digital Mick Mulvaney

NeutralFinancial Markets

Mick Mulvaney, who served as budget director during Trump's first term, commented on the upcoming meeting between Presidents Trump and Xi Jinping. While he believes the meeting could address some issues, he doesn't anticipate any significant agreements to emerge. Additionally, Mulvaney discussed the current government shutdown, suggesting it may enable the Trump administration to strengthen its authority. This insight is important as it highlights the complexities of international relations and domestic governance during a politically charged period.

Read full article

via Bloomberg

Bloomberga day ago

Trian Seeks Janus Henderson Buyout With General Catalyst

PositiveFinancial Markets

Activist investor Nelson Peltz is making headlines with Trian Fund Management's latest move to acquire Janus Henderson. Partnering with General Catalyst, they have proposed a buyout at $46 per share for the remaining stake in the company. This acquisition could reshape the investment landscape, highlighting Peltz's influence and strategic vision in the financial sector.

Read full article

via Bloomberg

Latest from Financial Markets

Investing.com37 minutes ago

Asia FX steady, dollar firm with Fed rate cut, BOJ meeting on tap

NeutralFinancial Markets

The Asian foreign exchange markets are showing stability as the dollar remains firm ahead of a crucial Federal Reserve rate cut and an upcoming Bank of Japan meeting. This situation is significant as it reflects the ongoing adjustments in monetary policy that can impact global trade and investment flows. Investors are closely watching these developments, as they could influence currency valuations and economic forecasts across the region.

Read full article

via Investing.com

Bloomberg43 minutes ago

Lithium Prices Boosted by China’s Policy Drive on Energy Storage

PositiveFinancial Markets

Read full article

via Bloomberg

Bloomberg44 minutes ago

Philippine Peso Poised for Rebound as Holiday Remittances Set to Arrive

PositiveFinancial Markets

Read full article

via Bloomberg

Investing.coman hour ago

Amazon to pour another $5 bln into South Korea data centers

PositiveFinancial Markets

Amazon has announced a significant investment of $5 billion to expand its data centers in South Korea. This move not only strengthens Amazon's presence in the region but also highlights the growing demand for cloud services. The investment is expected to create numerous jobs and boost the local economy, making it a win-win for both the company and the community.

Read full article

via Investing.com

Investing.coman hour ago

Bessent urges Japan government to give BOJ scope to raise interest rates

NeutralFinancial Markets

Bessent has called on the Japanese government to allow the Bank of Japan (BOJ) more flexibility in raising interest rates. This request comes amid ongoing discussions about the country's economic strategy and the need for adjustments in monetary policy. Allowing the BOJ to raise rates could help stabilize the economy and combat inflation, which is crucial for Japan's financial health.

Read full article

via Investing.com

Investing.coman hour ago

Boyu Capital leads race for stake in Starbucks China, Bloomberg News reports

PositiveFinancial Markets

Boyu Capital is reportedly leading the charge to acquire a stake in Starbucks China, according to Bloomberg News. This move is significant as it highlights the growing interest in the Chinese market, which is crucial for Starbucks' expansion strategy. With the potential for increased investment, this could enhance Starbucks' presence and operations in one of its most important markets.

Read full article

via Investing.com