AI chip startup Etched reaches $10.3 B valuation, defying skeptics

Etched is an artificial‑intelligence chip startup that has recently drawn attention. The company announced a valuation of $10.3 billion. This valuation came despite earlier skepticism from industry observers. Major investors have backed the company, contributing to the high valuation. Co‑founder and COO Robert Wachen confirmed the milestone. The funding reflects confidence in Etched’s chip technology. The valuation places Etched among the most valuable AI hardware firms. Observers will watch how the company scales its production and market reach.