Thiel-Backed Chip Startup Named Substrate Is Seeking to Crack ASML’s Dominance

Bloomberg TechnologyTuesday, October 28, 2025 at 1:00:00 PM
Thiel-Backed Chip Startup Named Substrate Is Seeking to Crack ASML’s Dominance
A new American startup named Substrate, backed by Peter Thiel, is aiming to disrupt the semiconductor industry by challenging the dominance of ASML and Taiwan Semiconductor Manufacturing Co. This is significant as it could lead to increased competition and innovation in the sector, potentially benefiting consumers and the tech industry as a whole.
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