Semis Funding Heats Up, Groq, Block and China

Money is flowing into logic chips, Groq's Series D, Chinese sanctions play into Block's 3nm ASIC strategy

Aug 09, 2024

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The logic chip fundraising climate is heating up. Investors sat on the sidelines in 2022 and 2023 when money was cheap, but the Gen AI boom is getting investors back in the game.

Total funding in 2024 for logic chips is back on track after a two-year freeze.

Plotting their fundraising progress on a timeline reveals many interesting insights:

Semis Funding Heats Up, Groq, Block and China

Money is flowing into logic chips, Groq's Series D, Chinese sanctions play into Block's 3nm ASIC strategy

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