CNBC Tech
Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom
Monday, September 14, 2026
Dutch startup Euclyd raised 230 million dollars in a funding round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund, and Innovation Industries. The company develops AI processors as an alternative to Nvidia's GPU technology. Euclyd's funding reflects growing investment in competing AI chip designs.
Original reporting: https://www.cnbc.com/2026/09/14/samsung-euclyd-ai-chip-funding.html