Samsung Backs Nvidia Rival Euclyd's $230M Round

Samsung co-led a $230 million Series A funding round for Dutch startup Euclyd, which is building an alternative chip architecture for AI inference to rival Nvidia's GPUs. The round also included Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries, as tech giants and startups increasingly pursue in-house or alternative AI chip designs.

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This funding round signals accelerating investor and corporate appetite for alternatives to Nvidia's dominant position in AI inference silicon. Samsung's involvement is strategically significant, giving it a stake in a potential non-Nvidia chip architecture while leveraging its memory and foundry capabilities, which could open new manufacturing and supply relationships. The move adds to a growing list of hyperscaler and startup efforts (OpenAI's Jalapeño, Google, AWS, Meta) fragmenting the AI chip market away from single-vendor reliance. While Euclyd remains unproven at commercial scale until 2028, continued capital flows into inference alternatives could gradually erode Nvidia's pricing power and market share in inference workloads specifically, even as it retains dominance in training. Long-term, this reinforces a broader industry trend toward diversified AI silicon supply chains and custom architectures optimized for cost and energy efficiency.