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Thiel-Backed Startup Targets US Chip Comeback

November 1, 2025
in AI & Technology
Reading Time: 1 min read
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Startup Substrate is aiming to rebuild US dominance in chipmaking with technology it says can rival ASML. The $1 billion startup has backing from investors including Founders Fund and General Catalyst and has spoken to members of the Trump administration about its plans. Substrate CEO James Proud joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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