Nvidia-backed Firmus targets $2bn ASX IPO after locking in $505m equity and $10bn Blackstone debt for its AI factory network

Firmus, supported by Nvidia, plans a $2 billion IPO on the ASX after securing $505 million in equity and $10 billion in debt from Blackstone to build its AI semiconductor manufacturing network. The funding aims to establish a large-scale AI chip factory infrastructure.