TYLSemi raises $43 million to create building blocks of custom AI chips

SAN FRANCISCO, July 14 : TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on Tuesday said it has raised $43 million in early funding to help companies build their own AI chips.The market for such AI chips is booming, with major companies such as Meta Platforms working with Broadcom and others to develop custom semiconductors. Broadcom and its rival Marvell Technology both have proprietary technology for making chips talk to each other at high speed, and the only way to access that technology is to work with them to develop a custom chip. TYLSemi co-founders Mohit Gupta and Sunil Bhardwaj, who kicked off their company less than a year after Qualcomm's purchase of AlphaWave, want to take a different approach by supplying pieces of custom AI chips called "c