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Samsung Backs NVIDIA AI Chip Rival, Joining USD231M Financing
15 Sep 2026 09:57
Samsung participated in the Series A financing of Dutch AI chipmaker Euclyd totaling EUR200 million (approximately USD231 million), as the market increases investment in alternatives to NVIDIA Corporation (NVDA.US) graphics processing units (GPUs).

Euclyd CEO Bernardo Kastrup told CNBC in an interview that the financing round was supported by Somerset Capital Partners and the Scaleup Europe Fund managed by EQT and Innovation Industries, with those institutions and Samsung co-leading the round.
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