First phase of Europe’s silicon independence initiative is a wrap
The European Processor Initiative (EPI) has wrapped up the first phase of its effort to create a made-in-Europe chips ecosystem. The effort hopes to reduce reliance on imports, give the bloc sovereign capabilities, and create the continent's first exascale supercomputer.
The EPI end-of-year repo... Read more
Investment in UK tech totals one-third of the £76bn invested in European tech in 2021
This year saw the UK account for a significant chunk of the European Union’s tech investment. UK tech received £26 billion this year, a 2.3X increase from 2020 figures which stood at £11.5 billion.
According to the Digital Economic Council, the amount accounts for 35% of all tech investments... Read more
Two big European mobile network operators discuss potential merger
Vodafone and Orange were talking about a potential merger without reaching an agreement. The merger can still happen.
French opposition
French authorities aren’t in favor of a proposed merger between Vodafone and Orange, Europe’s largest mobile provider. The companies had been in talks a... Read more
AWS opens Local Zones data centers in 11 European countries
Last week, Amazon Web Services announced that it will open 30 new Local Zones worldwide in the next two years. In a conversation Techzine had with AWS, it emerged that AWS will open Local Zones in at least eleven European countries; Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Greec... Read more
Merkel says Europe must work together to lead the high-tech front
Reuters report Angela Merkel saying that European countries must focus on next-generation chip manufacturing.
Angela Merkel has drawn upon her 15+ years of know-how to say that individual European countries cannot compete in advanced high-tech chip manufacturing.
German Chancellor shared her ... Read more
Europe is experiencing a hiring surge in tech industry AI roles
In the three months ending September, Europe was the fastest-growing region for artificial intelligence hiring among tech industry companies. The number of roles in Europe makes up 10.1% of total AI jobs, up from 8.9% in the same quarter in 2020.
The region was followed by the Middle East and Af... Read more
The US drops tariff threat over global tax agreement
The United States withdrew its threat of tariffs against five European countries over their digital services taxes, as part of a deal to manage the transition to a new global tax policy for large corporations. Austria, France, Britain, Spain, and Italy will get to enforce their digital taxes until ... Read more
Europe allocates €227 million in funding to tech startups
The European Commission’s European Innovation Council has picked 65 startups and small companies to get some funding from a pot worth €363m.
The EIC accelerator program mandates that each company gets a combination of grant financing and equity investments of up to €17m to develop and scal... Read more
Intel will most likely build a new factory in Germany
Due to the large chip shortage, many chip manufacturers are expanding. The most significant expansions are taking place in Taiwan, South Korea and the United States. It is still unclear how many companies will build a chip factory in Europe. So far, Intel is the only one that has promised to build ... Read more
Europe has now created more billion-dollar companies than China
Europe's unicorn herd is now bigger than China's, after seeing more venture capital than ever this year. Since 1990, Europe has created 296 companies valued at more than $1 billion, whereas China has created 276.
New data from Dealroom shows that the region has produced 72 new unicorns in 2021, ... Read more