Spain's SETT Invests 115 Million in Chip Company Openchip
2026-06-30 10:45
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en.Wedoany.com Reported - The Spanish government, through the Spanish Technology Transformation Company (SETT), has invested 115 million euros in chip design company Openchip & Software Technologies to strengthen European semiconductor sovereignty. The transaction, executed by SETT, will accelerate the development of high-performance, energy-efficient chips while consolidating the national semiconductor design ecosystem and promoting the creation of high-quality jobs.

SETT invests 115 million in Openchip to strengthen European semiconductor sovereignty

Founded in 2021 by engineering group GTD and the Barcelona Supercomputing Center - National Supercomputing Center (BSC-CNS), Openchip currently employs approximately 300 professionals and focuses on advanced processor development. Its products are primarily used in high-performance computing (HPC), artificial intelligence, and other advanced workloads. The Spanish government stated that this initiative aims to strengthen European technological autonomy and reduce dependence on proprietary technologies by developing open and efficient architectures.

Openchip's core technology lies in adopting the open RISC-V architecture, which is gaining increasing attention in the semiconductor industry as it allows processor development without relying on proprietary licenses. According to Spain's Ministry for Digital Transformation and Public Function, chips designed by Openchip offer higher energy efficiency, which is particularly important for reducing electricity consumption in data centers running artificial intelligence and supercomputing applications.

The company operates under a fabless model, focusing on chip design while outsourcing physical manufacturing to specialized foundries. This is a widely adopted strategy in the industry, reducing direct industrial investment and eliminating environmental costs associated with the manufacturing process.

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