The European Commission announced the launch of a tender on July 30, and plans to build up to 7 AI gigafactories in many parts of Europe. The initiative is industry-led and has received financial support of up to 10 billion euros from the EU and member states, and is expected to drive at least 20 billion euros of private investment across the EU. The European Commission said it has signed a letter of intent with AMD, Nvidia, and Qualcomm to ensure that the AI Gigafactory consortium can smoothly obtain the required hardware equipment.

The European Commission announced the launch of a tender on July 30, and plans to build up to 7 AI gigafactories in many parts of Europe. The initiative is industry-led and has received financial support of up to 10 billion euros from the EU and member states, and is expected to drive at least 20 billion euros of private investment across the EU. The European Commission said it has signed a letter of intent with AMD, Nvidia, and Qualcomm to ensure that the AI Gigafactory consortium can smoothly obtain the required hardware equipment.