(Bloomberg) OpenAI Chief Executive Officer Sam Altman, who has been working to raise billions of dollars from global investors for a chip venture, aims to use the funds to set up a network of factories to manufacture semiconductors, according to several people with knowledge of the plans.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionFord Cuts Workforce Making Electric F-150s on Weak DemandYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining N
A Bloomberg investigation has found that a Shenzhen city government investment fund has been bankrolling the project. The US has banned sale of advanced chips to China and this project will help plug the gap
Tower Semiconductor: This marks a second attempt by the Israeli company to enter the semiconductor space in India after an earlier JV agreement with ISMC to set up a chip fabrication unit with a proposed investment of $3 billion failed to fructify.