Nvidia(US:NVDA) Zhi Tong Cai Jing·2026-01-20 02:19Group 1 - FuriosaAI, an AI chip design company, plans to raise up to $500 million before its IPO to challenge industry giant Nvidia [1] - The company has appointed Morgan Stanley and Mirae Asset Securities as joint advisors for its Series D funding round, targeting $300 million to $500 million [1] - The funds will be used for mass production of FuriosaAI's second-generation RNGD chips, global business expansion, and development of third-generation chips [1] Group 2 - FuriosaAI was founded in 2017 by June Paik, a veteran from Samsung Electronics and AMD, focusing on efficient AI inference chip development [1] - The company's RNGD chip has a performance of 2.25 times the inference performance per watt compared to traditional GPUs [1] - The company secured its first major client, LG, in July of last year [1] Group 3 - The progress of FuriosaAI comes amid a booming investment landscape in AI hardware [2] - Groq Inc. completed a $750 million funding round before its strategic partnership with Nvidia [2] - Other recent transactions include Cerebras Systems Inc. seeking $1 billion at a valuation of $22 billion and Etched completing a $500 million funding round [2]