Peter Thiel-Backed Startup Secures $100 Million to Make Chips in U.S.

WSJ TechTuesday, October 28, 2025 at 1:00:00 PM
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Peter Thiel-Backed Startup Secures $100 Million to Make Chips in U.S.
Peter Thiel-backed startup Substrate has secured $100 million in funding to establish semiconductor factories in the U.S. This is significant as it aims to leverage innovative laser-based technology to tackle the challenges in chip manufacturing. With the ongoing global semiconductor shortage, this initiative could enhance domestic production capabilities and reduce reliance on foreign suppliers, making it a crucial step for the U.S. tech industry.
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