Canadian company Tenstorrent strengthened its leadership team in December 2020 with the addition of legendary processor designer Jim Keller, who initially served as CTO and became CEO in January 2023. As it turns out, Samsung Electronics will not only act as an investor in the company, but also as a contract manufacturer of one of the products using 4nm process technology.
Samsung Electronics’ contract business needs to attract new customers to reduce the South Korean conglomerate’s dependence on the memory chip market, which does not allow it to develop stable and evenly due to the cyclical nature of price changes. Accordingly Reuters Citing statements from Tenstorrent representatives, the Korean contractor will undertake the production of one of the Canadian startup’s computer accelerator crystals in 4nm technology. The computing solution as a whole has a multi-chip layout and uses so-called chiplets, as the source explains.
Financial details of the deal were not disclosed, nor was the number of chips Samsung will produce for Tenstorrent. Some of this brand’s solutions use RISC-V architecture, but the Quasar family chip mentioned is not one of them. Recall that in August this year, Samsung Electronics was among the investors who collectively invested about $100 million in Tenstorrent capital. At that time, the company’s capitalization was estimated at $1 billion. It turns out that Samsung first had to spend money to acquire a new customer, which in the long term will help them win them back.