UK Government Celebrates £100 Million Expansion of Chip Startup Fractile, Boosting AI Hardware Ecosystem
The UK government has announced a significant investment by the chip startup Fractile, which plans to invest £100 million in its UK operations over the next three years. This investment will expand Fractile's sites in London and Bristol, enhancing the UK's AI hardware ecosystem. The UK’s AI Minister, Kanishka Narayan, praised the move, encouraging AI entrepreneurs to embrace risk and innovation. Fractile, founded in 2022, focuses on developing AI chips for inference, aiming to make inference tasks faster and cheaper. The company plans to begin chip fabrication in the second half of 2026. This expansion is seen as a step towards reducing the UK's reliance on US tech giants like NVIDIA.