# EU to fund 7 AI gigafactories with €10 billion plan 2026-08-07T17:46:29+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet The European Commission will fund seven artificial intelligence gigafactories with €10 billion ($11.5 billion), it said on Thursday, stepping up efforts to narrow the technology gap with the U.S. and China. The number was raised from five after strong interest from EU countries. The Commission also aims to attract at least €20 billion in private investments for the projects. The facilities will combine advanced AI processors, software, cloud technology, high-speed connectivity and data centres, and will supplement the existing 19 AI factories across the bloc. EU tech chief Henna Virkkunen called access to such computing power a strategic necessity for Europe. AMD, Nvidia and Qualcomm have signed letters of intent to supply chips. The tender closes November 12, with successful bidders expected to be announced in early 2027. ## Coverage - thehindu.com Tags: AI, computing, European Union, investment, technology Canonical: https://indianopinion.org/eu-to-fund-7-ai-gigafactories-with-e10-billion-plan/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/eu-to-fund-7-ai-gigafactories-with-e10-billion-plan/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.