Situational Awareness, the AI-focused hedge fund managed by Leopold Aschenbrenner, placed a $400 million investment in Source Foundry earlier this week, increasing its total holdings in the startup to $500 million [1].
Source Foundry was established by Stanford University researchers Abdulmalik Obaid and Joe Burg and aims to transform semiconductor manufacturing processes [1].
The company has secured at least several hundred million dollars in funding overall and reached a $5 billion valuation in a recent round, with prior backing from Sequoia Capital [1].
The move comes as Situational Awareness adjusted its broader portfolio by selling equity positions in firms including SK Hynix, Sandisk, Nebius Group, and Bloom Energy to Citadel while retaining stakes in Anthropic, Fluidstack, and MatX [1].
The report relies on a single source citing The Wall Street Journal and requires additional independent confirmation, so the details should be viewed as developing rather than confirmed [1].