onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Europe’s AI gigafactory push attracts 76 bids, EU tech chief says
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

Europe’s AI gigafactory push attracts 76 bids, EU tech chief says

Last updated: June 30, 2025 10:58 am
OnlyTrustedInfo.com
Share
2 Min Read
Europe’s AI gigafactory push attracts 76 bids, EU tech chief says
SHARE

By Foo Yun Chee

BRUSSELS (Reuters) -Seventy-six companies have bid to develop Europe’s artificial intelligence gigafactories, the EU’s tech chief said on Monday, hailing a bigger than expected response to the bloc’s push to catch up with the U.S. and China in this key technology.

The European Commission made the announcement four months after it allocated 20 billion euros ($23 billion) in EU funding for the construction of four AI gigafactories across the bloc.

Such facilities, in essence large-scale AI computing and data storage hubs, will be equipped with about 100,000 state-of-the-art AI chips.

“We got 76 submissions proposing to set up AI gigafactories in 16 member states and across 60 different sites,” EU tech chief Henna Virkkunen told a press conference.

“And this exceeds far beyond our expectations and this showcases Europe’s growing momentum and enthusiasm for innovating in AI in Europe,” she said, declining to name the companies because of business confidentiality information.

The EU executive said applicants included EU and non-EU companies, among them tech giants, data centre operators, telecoms providers, power suppliers and financial investors.

“Together they have now indicated plans to acquire at least 3 million latest generation of AI processors (GPUs) in total,” Virkkunen said. The Commission will launch an official call for setting up the AI gigafactories at the end of the year.

($1 = 0.8537 euros)

(Reporting by Foo Yun Chee, Editing by William Maclean)

You Might Also Like

Jennifer Garner’s Once Upon A Farm IPO: Digging Deep into the Risks and Rewards for Savvy Investors

‘It’s A Huge Problem,’ Experts Urge Gen Xers And Millennials To Plan For Long-Term Care

Millionaires Next Door: What the Average Wealthy Person Looks Like in 2025

S&P 500 Soars as Manufacturing Contracts: A Rare Signal Investors Can’t Ignore

Why Shopify Stock Is Up Today

Share This Article
Facebook X Copy Link Print
Share
Previous Article Kendall Jenner Goes Pantsless in a Blue Blazer Dress and Sheer Hood in Venice Kendall Jenner Goes Pantsless in a Blue Blazer Dress and Sheer Hood in Venice
Next Article USAID cuts may cause over 14 million additional deaths by 2030, study says USAID cuts may cause over 14 million additional deaths by 2030, study says

Latest News

Tiger Woods’ Swiss Jet Landing: The Desperate Gamble for Privacy and Recovery After DUI Arrest
Tiger Woods’ Swiss Jet Landing: The Desperate Gamble for Privacy and Recovery After DUI Arrest
Entertainment April 5, 2026
Ashley Iaconetti’s Real Housewives of Rhode Island Shock: Why the Cast Distrusted Her Bachelor Fame
Ashley Iaconetti’s Real Housewives of Rhode Island Shock: Why the Cast Distrusted Her Bachelor Fame
Entertainment April 5, 2026
Bill Murray’s UConn Farewell: The Inside Story of Luke Murray’s Boston College Hire
Bill Murray’s UConn Farewell: The Inside Story of Luke Murray’s Boston College Hire
Entertainment April 5, 2026
Prince Harry’s Alpine Reunion: Skiing with Trudeau and Gu Echoes Diana’s Legacy
Entertainment April 5, 2026
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2026 OnlyTrustedInfo.com . All Rights Reserved.