MADRID, June 29, 2026 — Openchip, a company specializing in the design and commercialization of high-performance, energy-efficient chips, has secured the backing of the Spanish Society for Technological Transformation (SETT), under the Ministry for Digital Transformation and Public Function, through a €115 million investment. The operation was authorized today by the Council of Ministers. This […] The post Openchip Receives €115M Financial Backing from SETT appeared first on HPCwire .
This investment by a Spanish government entity reflects a broader European trend towards fostering domestic semiconductor capabilities amidst geopolitical competition and supply chain vulnerabilities.
A strategic reader should care because this strengthens Europe's efforts to build sovereign semiconductor independence, potentially diversifying the global compute supply chain and reducing reliance on dominant players.
Spain, through Openchip, is now a more prominent player in the effort to establish domestic high-performance, energy-efficient chip design and commercialization within the EU.
- · Openchip
- · Spanish semiconductor industry
- · European digital autonomy
- · HPCwire
- · Companies dependent on US/Asian chip monopolies
- · Foreign chip designers
Openchip will use the funding to accelerate its chip development and commercialization efforts.
This could lead to increased collaboration and investment in other European semiconductor startups, bolstering the regional industrial base.
Growing European chip independence might reduce the geopolitical leverage of major semiconductor-producing nations on Europe's digital economy.
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