DAILY SITUATION RECAP: Etched raises $700 million at a $21 billion valuation led by Jane Street, who is also the main customer of their inference speed-optimized chips. Etched was co-founded in 2022 by three Harvard dropouts; Robert Wachen, Gavin Uberti, and Chris Zhu, who were around 20 years old at the time. The company has recruited heavily from Nvidia and owns its own vertically integrated factory in Taiwan. Pennsylvania Gov. Josh Shapiro signs an executive order on data centers. The…