AI chipmaker Forge Nano to list via $1.6 billion SPAC deal

Forge Nano, a US-based semiconductor equipment and advanced materials company, plans to go public through a $1.6 billion blank-check deal with Archimedes Tech SPAC Partners II, the companies announced on Tuesday.

The deal comes amid booming demand for AI chips in recent years ‌as companies ⁠ramp ⁠up spending on data centers and high-performance computing to support generative AI applications, benefiting ​chip firms and equipment makers across the supply chain.