July 9 (Reuters) - U.S. semiconductor startup Groq has

spoken to investors about raising between $300 million and $500

million at a $6 billion post-investment valuation, The

Information reported on Wednesday, citing people with knowledge

of the matter.

The company is seeking the cash to fulfill a recently inked

deal with Saudi Arabia, the report said.

In February, Groq secured a $1.5 billion commitment from

Saudi Arabia to expand the delivery of its advanced artificial

intelligence chips to the country.

Groq has told investors that the contracts in Saudi Arabia

will help the company bring in about $500 million in revenue

this year, the report added.

Groq did not immediately respond to a Reuters request for

comment.

In August last year, Groq raised $640 million in a Series D

funding round led by Cisco Investments, Samsung Catalyst Fund

and BlackRock Private Equity Partners, among others, which

brought its valuation to $2.8 billion.

The Silicon Valley firm is known for producing AI inference

chips that optimize speed and execute commands of pre-trained

models.