Chip start-up Firm to invest £100m in ambitious new expansion plans

A UK chip startup is planning to invest £100m in its operations including expanding its Bristol and London sites, it has announced.

- Hannah BAKER Business editor [e-mail]

Newbury-headquartered Fractile will create a new UK industrial hardware engineering facility in the West Country and grow its British team to develop next-generation systems, it said.

Engineers at the new Bristol facility will build Fractile’s chips into systems that will make new kinds of AI tasks possible. It will also host a lab where experts can test new software designed for future compute technology - capable of running the most powerful AI models much faster than today's hardware.