Source Foundry, $5B Chip-Equipment Startup Taking On ASML, Leases 116,000 SQFT Warehouse in South San Francisco

Source Foundry, a stealth semiconductor-equipment startup backed by Sequoia Capital and Leopold Aschenbrenner's Situational Awareness, signed the Peninsula's largest industrial lease of the third quarter at 526-550 Eccles Avenue, but the deal was not enough to keep South San Francisco from posting the region's steepest occupancy loss.