EUCLYD is a Dutch startup designing AI chips intended to compete in the market for specialized semiconductor hardware used to train and run AI models. The company has recruited Peter Wennink, the former chief executive of ASML, Europe's dominant semiconductor equipment maker, as its chairman.
Investors not disclosed
A Series A of more than €200 million is an unusually large first institutional round for a chip startup, reflecting the capital intensity required to bring a competitive AI processor to production. The appointment of Peter Wennink, who led ASML through its rise as the world's only supplier of extreme ultraviolet lithography machines, signals an ambition to build at the highest level of the semiconductor stack. European data center operators and hyperscalers are watching closely for domestically sourced AI silicon alternatives amid ongoing US-China export restrictions.