Etched’s Arizona Chip Bet | Tech News

Etched, the four-year-old chip startup valued at $5B, just got its first chip made by TSMC — a major milestone as it prepares to ship systems this summer. But scaling up is the real challenge, especially with fierce competition for TSMC’s Taiwan fabs. Enter Copper Sky Capital, Etched’s early backer and Arizona booster, which promised two years ago to help Etched relocate production to TSMC’s Arizona facility — a move now seen as critical for Etched’s future. Founder Jack Selby, leveraging his deep ties to Arizona’s semiconductor ecosystem and his role on the state’s Commerce Authority, helped secure the investment and is now pushing to raise $300M for a second fund focused on hardware startups — including defense firms — willing to build in Arizona. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/50e18ef6cafe77b6