Arizona Investor Jack Selby Secures Stakes in AI Chip Leader Etched for Local Manufacturing Push

Jack Selby, a former PayPal executive now leading Copper Sky Capital, has taken early stakes in promising startups including the AI chip maker Etched.

His connections in Arizona helped secure these deals by linking coastal tech firms with local manufacturing opportunities.

The Rise of Arizona in Semiconductors

Selby serves on the Arizona Commerce Authority board where he works to attract businesses to the state.

Etched recently had its first chip made by TSMC and plans to ship systems this summer.

The startup reached a five billion dollar valuation after raising one hundred twenty million dollars in its Series A round.

Arizona offers growing semiconductor capacity through TSMC facilities that could support reshoring efforts.

This approach builds on Selby founding his firm in two thousand twenty one with a focus on the Southwest region.

Implications for the AI Industry

Investments like this highlight how personal networks drive funding for hardware companies facing production challenges.

Copper Sky is now raising a three hundred million dollar second fund to expand its reach across the United States.

Such moves could create more jobs in Arizona while easing reliance on overseas chip production.

For everyday users this means faster progress in AI tools that power phones computers and other devices.

Overall the strategy positions Arizona as a key player in the future of advanced technology manufacturing.