The Chips Stack

Semiconductor IP company designing the processor architecture in 99% of smartphones.

AI chip company building the world's largest processors. IPO date confirmed May 14, 2026 on Nasdaq (CBRS). $3.5B raise target. Revenue $510M (+76% YoY), profitable at $87.9M net income.

Brain-computer interface company developing implantable chips (Telepathy device). Raised $650M Series E at $9B valuation (June 2025). CEO Elon Musk has no IPO plans — company is focused on FDA clinical trials, not public markets.

Vercel is the frontend cloud platform for deploying and scaling web applications — the standard deployment infrastructure for Next.js and React developers globally. Valued at $5B with $530M raised, Vercel powers 1M+ projects including Fortune 500 websites and is expanding into the full-stack deployment market. Major developer tools IPO candidate competing with Netlify, Cloudflare Pages, and AWS Amplify in the $50B+ cloud application hosting market.

Tenstorrent builds high-performance AI computing chips and open-source RISC-V processors competing with NVIDIA and AMD — founded by Ljubisa (Jim) Ristic, the legendary chip architect behind Apple M-series chips. Valued at $2.6B with $400M raised, Tenstorrent offers both enterprise AI training and inference accelerators with a software-first approach. Major chip IPO candidate as AI semiconductor demand grows to $300B+ and enterprise customers seek NVIDIA alternatives.

SambaNova Systems builds AI hardware and software for enterprise AI deployments — competing directly with NVIDIA in the AI training and inference chip market. Valued at $5.1B with $1B+ raised, SambaNova counts government agencies, research institutions, and Fortune 500 companies among its customers. Major chip IPO candidate as the AI semiconductor market grows to $300B+ by 2028.

Developer platform providing customizable maps, navigation, and location data APIs for apps and products.