Chips

AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal

By Garp EditorialJune 23, 2026Updated June 23, 2026

1 min read Section: Chips & Semiconductors Publisher: Garp

AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal

NVIDIA Corp. — what does an AI company do after one of those not-acqui-hire deals? Groq raised money, is leaning into its neocloud business, and hiring new execs.

AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal

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