News Summary

• The EU steps up efforts to close the technology gap with the u.s. and China.
• The Commission said it aims to attract at least €20 billion in private investments.
• The facilities will combine advanced AI processors, software, cloud technology, high-speed connectivity and data centres.
• AMD, Nvidia and Qualcomm have signed letters of intent with the ‌Commission to provide chips to groups involved in the gigafactory projects.
• The tender process will close on November 12 and successful bidders will be announced in early 2027.