EU, Australia strike critical minerals supply deal amid tech rivalry with China

May28
by on May 28, 2024 at 12:40 pm
Posted In: Uncategorized


As the West strives to reduce its reliance on China, the EU and Australia have struck a deal to co-build a supply chain of critical minerals, which are an essential to both the green and digital transitions. The Memorandum of Understanding between the two will seek to diversify the EU’s supply and boost the domestic sector of Australia. “In a world powered by technology, those who lead are those who control the most critical technologies, and their supply chains,” EU competition chief Margrethe Vestager said in April. “Chips, batteries, electric cars: our competitiveness will necessarily depend on our capacity to…

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EU law to boost clean tech production to enter into force in June

May27
by on May 27, 2024 at 2:53 pm
Posted In: Uncategorized


The EU’s Net-Zero Industry Act (NZIA) is set to enter into force by the end of June, following its final adoption today. The key regulation aims to ensure that homegrown clean tech can cover at least 40% of the bloc’s demands by 2030. “Demand is growing in Europe and globally, and we are now equipped to meet more of this demand with European supply,” EU chief Ursula von der Leyen said in a statement. The Union hopes that by boosting its domestic manufacturing capacity, it can reduce its reliance on external countries for net-zero technologies. This includes the bloc’s dependence…

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Amazon taps Finland’s IQM for its first EU quantum computing service

May24
by on May 24, 2024 at 1:18 pm
Posted In: Uncategorized


IQM Garnet, a 20-qubit quantum processing unit (QPU) is now available via Amazon Web Services (AWS) — the first quantum computer accessible via AWS’ cloud in the European Union. Finnish quantum hardware startup IQM is based outside of Helsinki, Finland. AWS previously has collaborations in place with IonQ, Oxford Quantum Circuits, QuEra, and Rigetti for its quantum cloud service known as Braket, but this will be the first AWS quantum processor hosted within the EU.  This also means that it is the first time Amazon’s quantum services will be accessible to end users in its AWS Europe (Stockholm) Region. It…

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Macron: French AI can challenge ‘insane’ dominance of US and China

May24
by on May 24, 2024 at 9:46 am
Posted In: Insider


French President Emmanuel Macron has called for his country’s AI leaders to challenge the “insane” dominance of US and Chinese tech giants. Macron’s plea comes amid a boom period for French AI. Led by OpenAI rival Mistral, the country has become a European hotbed for artificial intelligence.  The blend of highly-skilled talent, increased government support, and growing investment streams has created fertile ground for startups. Mistral, the sector’s darling, is barely a year old and already reportedly seeking a $6bn valuation. Another candidate for the French tech crown is H (formerly Holistic), which this week announced a whopping $220mn seed round.…

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Plans for Dutch chip powerhouse get €180M boost from ASML and TU/e

May23
by on May 23, 2024 at 2:36 pm
Posted In: Uncategorized


Hopes of making the Netherlands a global chip powerhouse have been boosted by a new deal between tech giant ASML and the Eindhoven University of Technology (TU/e). The pair today pledged to spend €180mn on semiconductor research over the next 10 years. Alongside the investment, the duo have committed to expand their joint research and train more PhD students for the industry. ASML will also provide funding for TU/e’s new “cleanroom,” a controlled environment for manufacturing chips. The plans provide fresh impetus to Brainport Eindhoven — a tech hub in the city. TU/e hailed the partnership’s contribution to the region’s…

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