ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening 
Cuba needs a long-term solution to its energy crisis 
PDG Explores $1 Billion Sale of China Data Center Assets 
OpenAI Expands Globally with First Overseas AI Lab in Singapore 
Japan Manufacturing Growth Slows in May as Services Sector Stagnates Amid Rising Middle East Supply Costs 
Gold Prices Slip as Iran Conflict and Fed Rate Hike Fears Weigh on Market Sentiment 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
Nvidia Beats Earnings Expectations as AI Demand Drives Record Growth 
Samsung, Union Edge Closer to Deal as Strike Threat Looms 
GameStop Raises eBay Stake to 6.6% as Ryan Cohen Pushes $56 Billion Takeover Bid 
World Bank Emergency Funding Demand Surges as 27 Countries Seek Crisis Support Amid Iran Conflict 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
Anthropic Revenue Surge Signals Strong AI Market Momentum in 2026 
SpaceX Starship V3 Test Flight Boosts IPO Momentum Ahead of Historic Market Debut 
Dollar Slips as Risk Appetite Grows Amid Nvidia Rally and Iran Peace Hopes 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission 
Samsung Electronics was selected by Groq, a California-based startup that provides AI solutions, to be its new partner to bring the next-generation language processor unit (LPU) to the AI acceleration market.
Groq teamed up with Samsung Electronics so it can have the specific artificial intelligence chips it needs for its products. It was agreed that the latter will make four-nanometer chips for the AI solutions firm at a semiconductor facility located in Taylor, Texas. This plant will start its commercial operation within the latter half of 2024.
As per Aju Business Daily, AI semiconductors made with neural processing units are types of chips specially designed for processing AI-related applications. Each type of chip is subjected to a tricky customization process for the operation of AI applications in various industries, such as Internet of Things (IoT) sensor management and autonomous driving.
Groq confirmed that its AI chips are set to be made exclusively at Samsung's foundry plant in Texas, which Samsung is building using its $17 billion investment. The construction started in early 2022, and the target date for completion is in the first half of 2024.
"The first-gen Groq LPU was built for AI from the ground up, enabling Groq to consistently outperform graphics processors on AI and ML tasks,” Groq’s founder and chief executive officer, Jonathan Ross, said in a press release. “Our partnership with Samsung will allow us to continue that leap forward, by tapping into the most advanced semiconductor manufacturing technologies available."
Marco Chisari, Samsung Electronics executive vice president who is also serving as Samsung’s US Foundry business head and Samsung Semiconductor Innovation Center’s chief, also commented, "Samsung Foundry is committed to advancing semiconductor technology and bringing groundbreaking AI, HPC, and data center solutions to market. This relationship with Groq is another proof point of how we're using our advanced silicon manufacturing nodes to bring new AI innovation to market."
Photo by: Samsung Media Library
