Why European VCs are quietly cheering the chip rout
European venture capitalists are expressing cautious optimism amid the recent decline in global chip stocks, as reports emerge of a Chinese company commencing mass production of chipmaking equipment. This development could potentially erode the competitive advantages held by established industry players. Freya Pratty, Sifted's associate editor, focuses on UK technology and oversees investigations.
Tom Nugent serves as the managing editor, covering university spinouts and robotics. In an exclusive interview with Sifted, ASML CEO discussed the company's potential strategic investments reminiscent of Mistral's approach, emphasizing that mergers and acquisitions represent an "exceptional" case. The UK's AI Hardware Plan is hailed as a "significant step" forward, although it falls short by not addressing the critical energy aspect.
An ASML spinout called Invisix recently secured a €20 million seed round, attracting investors from London-based Transition Ventures and Hitachi's venture capital arm.
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