You must log in or register to comment.
$22M will barely buy you a production run, let alone a foundry.
It’s seed, using existing RISC IP. They can tape out an early prototype, or even just a simulated design, then use the performance numbers to raise the next round.
If anything, Intel proved that nobody in their right mind should ever go vertical and pay to build a fab again. TSMC in Arizona will happily take the job.
However “bad” CPU they are going to make, I can make even worse one for cheaper!