IPO Newsroom(@IPONewsroom_):LEOPOLD ASCHENBRENNER'S SITUATIONAL AWARENESS INVESTED $500 MILLION INTO SOURCE FOUNDRY Source Foundry is building machines to manufacture cutting-edge AI chips, aiming to challenge ASML's dominance in lithography equipment. ASML's machines are the size of a school bus and can cost more than $400 million each. The $500 million bet includes a fresh $400 million infusion this week. Sequoia backed the startup previously, at a recent valuation of $5 billion

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2026.08.08 20:49

LEOPOLD ASCHENBRENNER'S SITUATIONAL AWARENESS INVESTED $500 MILLION INTO SOURCE FOUNDRY Source Foundry is building machines to manufacture cutting-edge AI chips, aiming to challenge ASML's dominance in lithography equipment. ASML's machines are the size of a school bus and can cost more than $400 million each. The $500 million bet includes a fresh $400 million infusion this week. Sequoia backed the startup previously, at a recent valuation of $5 billion - WSJ