Groq, which is backed by investment arms of Samsung and Cisco, said the data center will be in Helsinki, Finland.

Groq, which is valued at $2.8 billion, designs a chip that the company calls a language processing unit (LPU). It is designed for inferencing rather training.

US semiconductor startup Groq is reportedly seeking between $300 and $500 million in investments to fulfil a recently-signed agreement with Saudi Arabia to supply chips. In February 2025, Saudi Arabia ...

Groq reportedly plans to use the proceeds from the offering to fulfill a contract it struck with Saudi Arabia in February.

Groq has positioned its LPU-based system as a lower-cost, high-speed alternative to traditional GPU-based infrastructure.

U.S. semiconductor startup Groq has spoken to investors about raising between $300 million and $500 million at a $6 billion ...

U.S. semiconductor startup Groq has spoken to investors about raising between $300 million and $500 million at a $6 billion post-investment valuation, The Information reported on Wednesday, citing ...

San Jose-based AI chip startup Groq is reportedly seeking to raise $300 million to $500 million at a post-money valuation of ...

Nvidia-rival Groq opens new European data center. Groq already operates data centers in the United States, Canada and Saudi Arabia A new wave of value and momentum stocks could be setting up for ...

The company is seeking the cash to fulfill a recently inked deal with Saudi Arabia, the report said. In February, Groq secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of ...