Energy
3 items across 3 editions · appeared in the last 2 editions in a row. First seen Fri 11 Sep, last seen Tue 15 Sep.
- Euclyd announced on 15 September that it raised over €200 million in a Series A co-led by Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund and Innovation Industries, with EIFO, imec.xpand, the Brabant Development Agency and Quadri also participating. Peter Wennink, former president and chief executive of ASML, joins as chairman.
- CNBC reports the same round as "$231 million" and says chief executive Bernardo Kastrup told it the Eindhoven company is designing an inference system with an architecture different from GPUs, covering both processor and memory. CNBC notes: "Euclyd's systems have yet to be proven at scale in commercial deployments."
- Kastrup told CNBC the company aims to begin rolling out physical chip systems in 2028, with thousands of enterprise customers served by 2030, and said of Samsung: "They are one of the biggest memory manufacturers in the world… they know the supply chain, they have a huge network."
- Euclyd's release names its products as "craftwerk" agentic AI silicon and a "craftwerk station CWS" low-power exascale AI factory, but discloses no performance figures, no benchmark comparison against Nvidia parts and no deployment dates.
- The Korea Herald, publishing at 09:51 on 14 September and citing industry sources, reports that state-run Korea Electric Power Corp. proposed Samsung Electronics prepay 20 trillion won ($14.8 billion) and SK hynix prepay 5 trillion won — roughly five years of electricity bills based on last year's payments — and that both companies rejected it after internal reviews.
- The prepayment would have helped expand power infrastructure for the semiconductor clusters under construction in Yongin, just south of Seoul, and in the southwestern Honam region.
- The paper reports KEPCO's total debt stood at 210.7 trillion won as of the end of June, with daily interest expenses of 11.5 billion won, and says the decision reflects concern about committing that much money upfront when it is uncertain whether the AI-driven semiconductor boom will continue.
- The report rests on unnamed industry sources relayed by Yonhap; neither company nor KEPCO is quoted, and the article does not say how the power infrastructure will be funded instead.
- At a 10 September town hall in Ypsilanti Township, Michigan, residents confronted officials over a proposed 220,000-square-foot, $1.2 billion hyperscale data centre being developed by the University of Michigan with Los Alamos National Laboratory. 404 Media compares its profile to OpenAI's 1.4-gigawatt Barn project in nearby Saline Township.
- Los Alamos acknowledged the facility would support computational research related to nuclear modernisation — modelling and simulation to assess the safety and reliability of the US nuclear stockpile — while denying that weapons production, testing or plutonium storage would take place on site.
- Township supervisor Brenda Stumbo said "it started with a lie" and reported residents selling homes; township attorney Douglas Winters described the site as a "high-value target." A data centre worker at the meeting said the facility ranks "at the very top" against average US sites and that such facilities "don't belong in residential areas next to schools."
- This is the AI buildout's siting politics arriving at a specific address, with a national-security workload attached. No power draw, water use or construction timeline figures were published, and the project's approval status is not stated.