Coatue in talks to form multibillion-dollar JV with chip startup MatX to finance die purchases and foundry capacity
steph_palazzolo · x · 2026-09-05
Reporter Steph Palazzolo says hedge fund Coatue is in talks with chip startup MatX to form a JV that would finance purchases of memory and logic dies as well as capacity at chip manufacturers. The JV is being discussed with funding in the billions of dollars — an unusual structure where capital directly underwrites a startup's supply chain costs and secures foundry capacity.
Related event: Coatue in Talks to Form Multi-Billion Dollar Venture with Chip Startup MatX(2 posts)→
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