Chipmaker SiPearl Raises €130 Million in EU Sovereign AI Push

European Union-backed chipmaker SiPearl has raised €130 million ($152 million) from investors including Taiwan’s Cathay Venture, as Europe pushes for technological sovereignty.

The French startup, which makes high-performance, energy-efficient processors for artificial intelligence and supercomputing, said it would use the Series A financing to invest in research and development and to industrialize its Rhea1 chip, which features 80 cores from chip designer Arm Holdings Plc and more than 61 billion transistors, according to a statement on Tuesday.

The Rhea1 chip will eventually help to power Jupiter, an EU-backed European supercomputer based in Germany and designed for use in strategic ...