Australian company Syenta is raising $26 million to address the AI ​​chip shortage

Australian company Syenta is raising  million to address the AI ​​chip shortage

By @iTnews_au
Publication Date: 2026-04-21 20:53:00

Syenta, an Australian semiconductor technology startup, said it has raised $26 million ($36 million) for a new manufacturing technique that could help ease ongoing bottlenecks in the artificial intelligence supply chain.




Along with the funding, the company announced that it will open an office in Arizona, near the manufacturing facilities of Intel and Taiwan Semiconductor Manufacturing Co, and that former Intel CEO Pat Gelsinger will join the board.

Modern AI chips like those from Nvidia, Google and others are not a single chip, but…