Etched, a semiconductor startup valued at $5 billion, has announced the production of its first chip by TSMC. The company is preparing to deliver systems powered by this chip later this summer, although scaling production may be difficult due to competition for TSMC's manufacturing capacity. Copper Sky Capital, an early investor in Etched, aims to support the startup in relocating chip production to Arizona.
Jack Selby, founder of Copper Sky and a former PayPal executive, is focused on enhancing Arizona's semiconductor industry. His firm is currently raising a $300 million fund to invest in both local and out-of-state startups, leveraging his connections to attract businesses to Arizona's manufacturing sector.
Watch for Etched's upcoming chip delivery this summer and how it navigates TSMC's production challenges. With Copper Sky's new fund, Selby may attract more semiconductor ventures to Arizona, potentially reshaping the local tech landscape.