EU to Secure €525 Million Investment in Chip Design Companies
The European Chip Design Platform is set to mobilize €525 million in capital to foster a new generation of regional semiconductor design firms.
A Sweden-based AI consortium, led by Ericsson, AstraZeneca, and Saab, launched under the brand Sferical AI. The consortium announced Jenny Nordlow as the CEO.
The business consortium announced in May also includes SEB Bank and Wallenberg Investments. In addition to Nordlow, Anders Ynnerman, a professor of scientific visualisation at Linköping University, is the executive chairman. Sferical AI aims to boost Sweden’s industry competitiveness by providing world-class, sovereign, and secure AI computing infrastructure, with an end goal of positioning the country at the forefront of AI-driven business transformations.
Chip heavyweight Nvidia previously pledged to open an AI technology center in Sweden to drive research into the segment and skill the local workforce. Nordlow stated she looks forward to working with the group’s partners to establish the next generation of AI infrastructure in Sweden and strengthening the competitiveness of Swedish industry. Sferical AI is based in Linköping, Sweden.
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