MIT spinout Vertical Semiconductor raises $11 million for AI power chip tech

Vertical Semiconductor, a startup spun out of the Massachusetts Institute of Technology, on Wednesday said it raised $11 million in funding to commercialise chip technology that can deliver electricity to artificial intelligence servers more efficiently.

Vertical makes chips out of a material called gallium nitride, an alternative to silicon which is becoming central to an effort led by chip designer Nvidia to rework auxiliary chips inside AI data centers to direct electricity and convert it into the form needed by Nvidia’s chips.

Those data centers…