Oxmiq, a chip-design startup based in Campbell, California, raises $35 million as it works on AI chip architecture intended to reduce the cost of building custom AI hardware. According to reports, the company plans to license its architecture to other chip designers so they can develop tailored AI silicon without needing to fund and run a full chip development program from scratch. Quartz reports that the effort is led by a former Intel chief architect, and frames the product as a way to enable customized AI chip designs while lowering time and expense for companies that want specific performance targets. Yahoo Finance similarly reports the $35 million funding round and characterizes Oxmiq’s goal as building and licensing chip architecture to make AI chip development less costly. The sources describe a model focused on IP licensing rather than direct chip manufacturing, positioning Oxmiq as an architecture provider that helps designers implement custom AI chips more efficiently. Details on investors and round structure are not included in the provided excerpts.