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EU plans €10B for seven AI gigafactories in race with US, China
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The European Commission announced on July 30, 2026, a €10 billion ($11.5 billion) plan to fund seven artificial intelligence gigafactories across the EU, up from an initial five due to strong interest from member states. The Commission aims to attract at least €20 billion in private investments for the projects. These facilities will combine advanced AI processors, software, cloud technology, high-speed connectivity, and data centres, complementing 19 existing AI factories. EU tech chief Henna Virkkunen emphasized the strategic necessity of computing power for Europe's AI development. Consortia of technology providers, cloud services, public entities, and investors can apply by November 12, 2026, with successful bidders announced in early 2027 and facilities operational within 18 months. AMD, Nvidia, and Qualcomm have signed letters of intent to supply chips for the projects.
Source report
Updated - August 08, 2026 08:45 am IST | BRUSSELS
Reuters
The European Union will fund seven artificial intelligence gigafactories across the bloc with €10 billion ($11.5 billion), the European Commission said on Thursday (July 30, 2026), as the EU steps up efforts to close the technology gap with the U.S. and China.
The Commission said it aims to attract at least €20 billion in private investments for the projects. The total was increased from five planned gigafactories to seven following strong interest from EU countries.
The facilities will combine advanced AI processors, software, cloud technology, high-speed connectivity and data centres. They will come on top of the existing 19 AI factories in various EU countries.
“Access to the raw scale of computing power within AI Gigafactories is a strategic necessity for Europe as AI development accelerates,” EU tech chief Henna Virkkunen said in a statement.
Key Details
- Funding: €10 billion from the EU, with a target of at least €20 billion in private investment
- Number of facilities: Seven gigafactories (increased from an initial five)
- Eligibility: Consortia or special purpose vehicles comprising technology providers, cloud service providers, public entities, and investors
- Tender deadline: November 12, 2026
- Announcement of winners: Early 2027
- Operational timeline: Within 18 months of contract signing
Industry Participation
AMD, Nvidia, and Qualcomm have signed letters of intent with the Commission to provide chips to groups involved in the gigafactory projects.
Published - July 30, 2026 05:50 pm IST
Source
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Part of this Story
EU launches €5-10B call for seven AI gigafactories across member states