AMD to supply EU AI Gigafactories, fueling €10 billion public tech push

The European Union launched a major initiative to establish up to seven artificial intelligence Gigafactories across the continent.

The project receives up to €10 billion in public funding from the EU and its member states.

Organizers expect the program to attract an additional €20 billion in private investment.

Advanced Micro Devices (AMD) signed letters of intent to serve as a primary hardware provider for the facilities.

The European Commission partnered with AMD and other chipmakers to ensure access to essential semiconductor technology.

This initiative aims to bolster European technological sovereignty through the large-scale build-out of AI computing infrastructure.