Altman seeking to raise billions amid AI chip factory push, Bloomberg reports

Sam Altman, the CEO of OpenAI, is seeking to use the billions of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg’s Ed Ludlow, Dina Bass, Gillian Tan, and Rachel Metz report. According to people familiar with the plans, Altman has held talks with several large potential investors in the hopes of raising the funds needed for chip fabrication plants. The project would involve working with top chip manufacturers, and the network of fabs would be global in scope, some of the people said. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).