Another company backed by tech magnate (and part-time apocalypticist ) Peter Thiel is seeking to disrupt Silicon Valley.

The Wall Street Journal reports that Substrate, a U.S.-based chip startup, recently raised $100 million, and plans to use the funding to support its ongoing mission to upend the semiconductor industry. The company’s website lists a number of prominent venture capital firms as its backers, including Thiel’s Founders Fund, General Catalyst, the CIA-backed In-Q-Tel, Long Journey, and MITIMco, which is associated with MIT.

So how does Substrate plan to reinvent the semiconductor game? According to the Journal’s report, it wants to vertically integrate all of the various activities associated with chip production so that it “owns the entire [manufacturing] process.” Cur

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