News Summary:
On August 7, 2026, the European Innovation Council (EIC) selected SiPearl among six companies for potential STEP Scale Up equity investments totaling €97 million, according to its 28 July selection notice. The companies, from France, Germany, the Netherlands, and Estonia, passed eligibility and evaluation stages, with potential individual equity investments ranging between €10 million and €30 million, though each proposed transaction remains subject to EIC Fund due diligence and successful negotiations. Previously, on August 5, 2026, EUPEX continued to shape Europe’s high-performance computing (HPC) future by bringing together technologies for future European supercomputers, focusing on developing and integrating key technologies within Europe to maintain long-term technological sovereignty. This followed the conclusion of the European Processor Initiative (EPI), which on July 27, 2026, outlined its advancements in sovereign chip technology for supercomputing and artificial intelligence during a final review in Luxembourg, four months after the project, involving 27 partners, successfully concluded. Earlier, on July 17, 2026, SiPearl powered on and began validating Rhea1, its first-generation server CPU designed in Europe, and now seeks partnerships with Taiwan's server manufacturers to integrate the chip into systems for data centers.
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