Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom
- Posted on September 14, 2026
- By CNBC
- 6 Views
- 1 min read
In brief
Euclyd, a Dutch semiconductor startup, has secured $230 million in funding to develop advanced GPU alternatives and compete with Nvidia's dominance in artificial intelligence chips. The investment round was led by Samsung and prominent venture capital firms, reflecting growing market interest in diversifying AI hardware solutions. This funding surge signals accelerating competition in the GPU market as enterprises seek multiple suppliers for their machine learning infrastructure.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom
Dutch startup Euclyd raised the funding in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries.
