JAPAN TAPS US CHIP STARTUP TENSTORRENT TO HELP TRAIN NEW WAVE OF ENGINEERS

Tenstorrent, a Silicon Valley artificial intelligence chip startup founded by Apple and Intel veterans, said it had won a deal with the Japanese government to help train up to 200 Japanese chip designers at its U.S. offices over five years.

The contract announced on Tuesday, under which $50 million will be divvied up among Tenstorrent and Japan's Leading-edge Semiconductor Technology Center, is part of Japan's effort to reinvigorate its semiconductor industry. The country controlled half or more of the global chips market through the 1980s but has less than a tenth of the market today.

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