Spain’s Openchip lands €115 million SETT investment to strengthen Europe’s semiconductor capabilities
Spain's Openchip has secured €115 million from the Spanish Society for Technological Transformation (SETT) to bolster Europe's indigenous semiconductor capabilities. This significant investment is earmarked for accelerating the design of high-performance, energy-efficient chips tailored for AI and high-performance computing (HPC) applications. The funding underscores a broader European commitment to enhancing its strategic autonomy in critical technology sectors, particularly in response to global supply chain dependencies. The investment supports Openchip's development of processors and accelerators based on the open RISC-V architecture, a move designed to foster innovation and reduce reliance on proprietary systems. This aligns with broader European digital sovereignty goals, aiming to cultivate local expertise and production in microelectronics. Openchip's fabless model focuses on design, collaborating with specialist foundries for manufacturing, which allows for concentrated resource allocation on research and development. This funding is part of a larger wave of European investment in semiconductors, photonics, and related quantum hardware, with reported rounds and public funding packages totalling over €579 million. Openchip's investment adds to significant contributions to companies like CamGraPhIC for optical interconnects and QuantWare for quantum processors, collectively signalling a robust effort to build a comprehensive European deep tech ecosystem. These initiatives are crucial for advancing scientific research, data processing, and the deployment of intelligent services across the continent.
Curated and translated by Europe Digital for our multilingual European audience.
Why this matters for European digital sovereignty
Spain's Openchip has secured €115 million to enhance Europe's indigenous semiconductor capabilities, focusing on AI and HPC chips based on open RISC-V architecture. This investment strengthens European digital sovereignty by fostering local expertise and reducing reliance on proprietary systems in a critical technology sector. It joins a broader European funding wave aiming to build a comprehensive deep tech ecosystem.
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