AMD, Arm, Qualcomm back Wayve with $60M, signaling confidence in UK AI capabilities

International chipmakers AMD, Arm, and Qualcomm have invested $60 million in London-based autonomous driving company Wayve, demonstrating sustained investor appetite for British AI companies. The funding round coincides with the UK government's launch of a £500 million Sovereign AI venture fund, positioning the state as an active equity participant in private AI development. The semiconductor industry's participation suggests strategic value in UK AI capabilities and potential integration opportunities with hardware platforms.