Samsung co-leads $230M round for Nvidia AI chip rival Euclyd
A Dutch AI chip startup secured funding with Samsung as a co-lead, alongside Somerset Capital Partners and two European funds. The round reflects growing investor interest in alternatives to Nvidia’s dominance in the GPU market. Euclyd’s backers include both corporate and institutional players.
Sources: cnbc.com
“Samsung’s participation signals corporate appetite for diversifying AI hardware dependencies beyond Nvidia, even as competition heats up.”
What it means
While Nvidia remains the clear leader in AI chips, the surge in funding for alternatives suggests a strategic push to avoid over-reliance on a single supplier. Samsung’s involvement—rather than a pure financial investor—could indicate broader ambitions in the semiconductor space. However, Euclyd’s long-term viability will depend on whether it can deliver performance at scale, not just capital.
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