Samsung

The Dutch AI startup Euclyd closed a $230 million Series A round, with Samsung among the largest investors. Euclyd is developing a novel processor-and-memory architecture for AI inference intended to reduce data centers' energy consumption and costs. Business model: selling complete chip systems to enterprise customers and licensing the chip architecture. The aim is to deliver physical chip systems from 2028 and serve thousands of enterprise customers by 2030, positioning itself as an alternative to Nvidia's dominance. » More on golem.de

Euclyd from Eindhoven closes a Series A round of more than €200 million, led by Samsung and several European investors; Peter Wennink will become chairman of the supervisory board. The start‑up aims to address the “Memory Wall” with its products craftwerk (processor) and craftwerk station CWS (data‑center system) and plans first shipments in 2028 and thousands of corporate customers by 2030. The financing buys Euclyd roughly two years of development time but is small compared with Nvidia’s revenue; success depends on first working silicon in 2027 and on securing the first large contract. » More on deraktionaer.de

Samsung Electronics rejected a proposal from Korea Electric Power Corp (KEPCO) for an advance payment of 25 trillion won to finance power infrastructure for planned semiconductor plants after an internal review. The company regards the large advance as unnecessary and cites uncertainty about the long-term stability of semiconductor demand. » More on de.investing.com