Coatue in talks with MatX on chip-financing JV

TREE NEWS reports: Coatue Management is negotiating with startup MatX to form a joint venture that would finance purchases of memory and logic chips and chipmaker capacity, with discussions for a multi-billion-dollar injection, sources said. Coatue is also weighing participation in MatX’s next funding round, which could at least double its roughly $4 billion valuation. MatX has developed a chip capable of both AI training and inference.