European Chip Startup Axelera Wins AI Factory Supply Deals and Unveils Second Chip

Europe-based chip startup Axelera announced that it has signed supply agreements for AI factories. The company also said it has launched its second chip. The chips Axelera provides for AI factories aim to accelerate AI workloads that require high-performance computing. The financial size of the supply agreements or customer names have not yet been disclosed. The company's second chip offers more advanced features compared to the first product. The new chip is expected to be used in areas such as training and inference of AI models. The strengthening of local players in Europe's semiconductor sector is important for the region's technological independence. The supply agreements Axelera has secured indicate that European chip startups can compete in the global market. Not investment advice.