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Press Release Database
Recent press releases, indexed by topic.
Finance · Semiconductors
IC Physical Design & Verification, Semiconductor IP, and Services Reported Double-Digit Year-over-Year Revenue Increase MILPITAS, Calif., Oct. 19, 2026 -- Electronic System Design (ESD) industry revenue increased 12.2% to $5,710.8 million in the second quarter of 2026 from...
Oct 19 · 14:01·PR Newswire
AI · Gaming
Global infrastructure provider 1Gbits has expanded its high-performance bare-metal network from 37 to 50+ international locations, deploying next-generation AMD EPYC, Ryzen 9 9950X, Threadripper PRO, and GPU-accelerated server nodes across premier facility operators including Equinix,...
Oct 19 · 13:21·PRWeb
AI · Retail
TorchNeuron lets developers run their existing AI code on AWS Trainium chips with virtually no changes, reducing the friction to adopting new hardware.
Oct 19 · 13:00·Amazon
Finance · Automotive
Annual Awards Program Recognizes Breakthrough Innovation in Automotive & Transportation Technologies Around the Globe ALISO VIEJO, Calif., October 19, 2026--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, today announced it has been awarded "In-Cabin Solution of the Year" by Auto
Oct 19 · 13:00·Business Wire
Finance · Semiconductors
REDMOND, Wash., Oct. 19, 2026 -- Data I/O Corporation (NASDAQ: DAIO) (the “Company”), the leading global provider of data programming and security provisioning solutions for microcontrollers, security ICs and memory devices, today announced it has signed a definitive agreement to acquire V-TEK, Inc. (“V-TEK”), a leading manufacturer of semiconductor handling and packaging solutions based in Mankato, MN, and A&J Programming, Inc (“A&J Programming”), a device programming service provider in San Jose, CA.
Oct 19 · 12:15·GlobeNewswire
Finance · AI
SANTA CLARA, CA, Oct 19, 2026 - Tenstorrent, the AI computing company, has closed $1.5B in Series E funding at a $6.2B post-money valuation.
The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price*, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets.
Tenstorrent will use the capital to deploy Galaxy servers at scale, continuing to serve open-weight models across LLMs and video generation, and advance the AI and CPU IP it licenses to customers designing their own silicon.
Tenstorrent sells AI compute at every level of the stack - from a single card or workstation to racks, superclusters, and custom IP. With an open-source software stack, developers can run frontier models locally and enterprises can deploy models on-prem at industry-leading latency and throughput.
"We built one architecture and sell it at every size," said Jim Keller, CEO of Tenstorrent. "The future of compute is open, scalable, and owned by the people building on it. Our investors believe in that model too, and we appreciate their support."
"Jim and his team bring decades of hands-on silicon, software, and IP experience, and we're excited to partner with Tenstorrent as Galaxy continues to scale," said Ben Mahdavi, Founder at Trace Capital.
"Few companies design the chip and the software that runs on it. Tenstorrent does both, and its video generation results beat industry benchmarks ahead of our expectations," said George Bousis, Co-Founder and Managing Partner at Protagonist. "We are excited to double down in the Series E to back Jim and the team through this next phase of growth."
*Accounts advised by T. Rowe Price Associates, Inc.
About Tenstorrent
Tenstorrent is an AI compute company led by CEO Jim Keller - architect of Apple A4/A5, AMD Zen, and Tesla's Full Self-Driving chip. The company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. In addition to servers and workstations, Tenstorrent licenses its TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers including Samsung and LG. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity Management and Research Company, and others, Tenstorrent operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, and Bangalore. tenstorrent.com
About Trace Capital
Trace Capital is an investment firm that invests in, acquires, and builds exceptional businesses across stages and industries. The firm takes a long-term, concentrated approach to businesses at the forefront of technological change and the industries being transformed by it.
Trace Capital was founded in 2026 by Ben Mahdavi, who previously co-founded Quiet Capital and led its Access strategy. During his time at Quiet, the firm invested in many of the leading technology businesses of the past decade.
www.tracecap.com
About Innovation X
Founded in 2016 by Roger Monteforte, Innovation X is a late-stage venture capital firm that invests in privately held companies with innovative or disruptive technologies across defense technology, fintech, artificial intelligence, infrastructure, and the space economy. Innovation X Advisors has over $4.5B under management across multiple funds (as reported on Form ADV as of 12/31/2025).
Tenstorrent Media Contact:
Justin Mauldin
Salient PR
achievemore@salientpr.com
737.234.0936
SOURCE: Tenstorrent
Oct 19 · 12:00·ACN Newswire
Healthcare · Biotech & pharma
EyePoint Announces Topline Results from LUCIA, the Second Pivotal Phase 3 Clinical Trial of DURAVYUTM in Wet AMD
Oct 19 · 11:00·GlobeNewswire
Semiconductors
With AirJet® solid-state active cooling technology, the UP Xtreme PTL Edge Air is 35% thinner and 43% lighter while delivering Intel® Core™ Ultra Series 3 [read full press release...]
Oct 19 · 10:21·Express Press Release
Semiconductors
DRESDEN, Germany, Oct. 19, 2026 -- Saxony and the U.S. state of Arizona intend to further expand their ties in the semiconductor industry. Saxony Trade & Invest Corp. (WFS) and the Arizona Commerce Authority (ACA) used SEMICON West, the leading US trade fair for the...
Oct 19 · 10:02·PR Newswire
AI · Semiconductors
BOULDER, Colo., October 19, 2026--Great Sky, Brookhaven National Lab, Princeton Plasma Physics Laboratory, and the DIII-D National Fusion Facility partnered to develop a new kind of AI chip with the speed necessary to sense and respond to searing plasmas present in fusion reactors. The chips differ fro
Oct 19 · 09:00·Business Wire
Semiconductors
Target SiC and GaN innovation, EVs, renewables, IoT and smart grids to capture demand for efficient, reliable power management.
Target SiC and GaN innovation, EVs, renewables, IoT and smart grids to capture demand for efficient, reliable power management.
Oct 19 · 08:02·GlobeNewswire
AI · Semiconductors
The Lithography Equipment Market size was valued at US$ 31.25 billion in 2025 and is projected to reach US$ 70.46 billion by 2033, growing at a CAGR of 10.7% during 2026–2033. Growing demand for artificial intelligence (AI) processors, advanced semiconductor ...
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Oct 19 · 07:36·PR News Releaser