GM Canada Workers Approve C$1.1 Billion Investment Deal 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise 
Bank of England Sees Surge in Higher-Risk Collateral 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
CIA-Linked Investor Helped Quantum Systems Expand in US 
Shein Shares Slide 9% in Hong Kong IPO Debut 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Australia Current Account Deficit Widens to A$27.2 Billion 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
Faraday Future Delivers First Robots in Middle East, Plans September Launches 
RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
Add as a preferred source on Google
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
