Invest Like the Best with Patrick O'Shaughnessy · Tuesday, June 30, 2026
Etched is not just building a chip, but a complete inference solution including the chip, power delivery, boards, interconnects, and production. They focus on optimizing both the pre-fill and decode stages of AI inference, differentiating their approach from traditional GPU architectures.
“We're not just building a chip. We're building a full inference solution. And that means rack. That means the chip, that means the power delivery into the chip, that means the board on which it sits, that means the interconnects, the chip talks to each other.”
“We think about how we get an advantage. There are two key parts of running inference: there's pre-fill and decode.”
“Now, we have two key tech bets in both of these things.”