<ul data-eligibleForWebStory="true"><li>Snowcap Compute Inc. has raised $23 million in funding for developing processors from semiconducting materials.</li><li>Former Intel CEO Pat Gelsinger has joined Snowcap's board.</li><li>The startup, based in Palo Alto, plans to use superconducting logic for enhanced processing speed and efficiency.</li><li>Electrons passing through superconducting materials do not generate heat, potentially increasing data center efficiency.</li><li>Snowcap aims to produce chips using niobium titanium nitride for AI accelerators and other applications.</li><li>The company's superconducting technology is claimed to be 25 times more power-efficient than current chips.</li><li>Hydrogen-powered cryogenic equipment will be used to cool the superconducting materials used in Snowcap's chips.</li><li>Snowcap's processors will utilize Josephson junctions, addressing technical challenges and reducing manufacturing costs.</li><li>The company plans to manufacture its first chip by the end of 2026, followed by more advanced systems.</li><li>Snowcap aims to make superconductor-based chips more accessible by utilizing existing fabs and 300-millimeter wafers.</li></ul>

Superconducting chip startup Snowcap Compute reels in $23M

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