The European Union has allocated $11.4 billion to establish seven AI gigafactories, aiming to narrow its technological gap with global leaders, the US and China.
The gigafactories are expected to be equipped with at least 100,000 AI chips each
Jul 30, 2026
07:49 pm
What's the storyThe European Union (EU) has announced a funding plan of €10 billion ($11.5 billion) for the construction of seven artificial intelligence (AI) gigafactories.
The move is part of the bloc's efforts to bridge the technological gap with the US and China.
EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China
EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US, China
EU unveils $11.4 billion plan to build seven AI gigafactories
EU lays out $11.4B for 7 AI gigafactories as it aims to catch up with US and China
European Union aims for seven AI gigafactories with €10 billion plan in race with US, China - The Economic Times
European Union offers €10B to build seven AI gigafactories in race against US and China
EU aims for seven AI gigafactories with €10 billion plan in race with U.S., China
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