Key facts
- Jack Selby is managing director of Thiel Capital.
- Jack Selby is founder of Copper Sky Capital.
- Copper Sky Capital has invested in Etched.
- Etched is a chip designer.
- Etched is valued at $5 billion.
- Jack Selby aims to reshore chip fabrication to Arizona.
- The move may ease manufacturing constraints.
Jack Selby, who serves as managing director of Thiel Capital and founded Copper Sky Capital, has made an investment in Etched, a chip design company. Etched is currently valued at $5 billion. Selby's objective is to utilize his established connections within Arizona to support Etched in bringing its chip fabrication operations back to the state. This initiative is seen as a potential strategy to mitigate current limitations in semiconductor manufacturing capacity. The investment signals a broader trend towards reshoring critical industries and strengthening domestic supply chains.