Netherlands-based Euclyd: As the European AI chip market thrives, the company is seeking to raise at least $100 million.
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The founder of Euclyd, a Dutch company supported by former CEO of chip manufacturing equipment giant ASML, Bernardo Kastrup, stated that the company is in discussions with investors regarding a funding round of at least 100 million euros (approximately 118 million U.S. dollars). However, Europe's investment ecosystem and its limited semiconductor manufacturing sector present challenges for domestic chip startups seeking to scale up. (CNBC)
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