The firm will license its IP to the Leading-edge Semiconductor Technology Center (LSTC) and help design a 2-nanometre AI chip with the Japanese industry ministry’s R&D shop. Tenstorrent did not respond to questions about the financial terms of the deal. (The Logic)
Talking point: The Japanese government has budgeted trillions of yen for domestic chip R&D and plants. Tenstorrent’s new partner LSTC is part of the strategy, and the two organizations aim to manufacture their AI chips at Tokyo-based startup Rapidus, which is also publicly-backed. Tenstorrent, founded in Toronto in March 2016, designs hardware and software specialized for training and running AI applications. It’s positioning its chips against Nvidia’s market-dominating graphics processing units. The company’s Silicon Valley-based CEO Jim Keller has been assembling a U.S. executive team with significant semiconductor experience. The firm is increasingly entering into deals that let original equipment manufacturers like LG and Hyundai build on top of its technology.