UK Chipmaker Graphcore Mulls Sale to Overseas Purchaser: Telegraph

Graphcore Ltd., a UK microchip maker, is contemplating a sale to overseas consumers after failing to efficiently money in on the increase in synthetic intelligence, the Telegraph newspaper reported, citing trade sources it didn’t establish.

Bristol-based Graphcore has been in talks with main expertise corporations because it seeks funding to cowl rising losses, the newspaper mentioned. Some giant traders within the closely-held firm have already marked up the worth of their stakes in anticipation of a deal of greater than $500 million, the Telegraph mentioned.