Former ASML CEO Peter Wennin Named Chairman of AI Chip Startup Euclyd

On September 15, 2026, Dutch AI chip startup Euclyd announced the closing of a Series A funding round of more than €200 million. Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund, and Innovation Industries co-led the round, with participation from EIFO, imec.xpand, BOM, and Quadri. On the same day, former ASML President and CEO Peter Wennin joined Euclyd as Chairman of the Board.

Founded in 2024 and based in the Netherlands, Euclyd is developing an AI chip system that differs from GPU architectures and is designed for AI inference, spanning both processor and memory architecture. The company says its roadmap centers on craftwer, which it describes as the world's first silicon chip for agentic AI, and the craftwerk station CWS platform, which it calls the world's lowest-power exascale AI factory. The platform combines programmable ASIC computing, processor-memory co-design, and system-level optimization. Euclyd remains in product development, and its AI chip system has not yet been validated through large-scale commercial deployment.

The company plans to launch physical chip systems in 2028 and serve thousands of enterprise customers by 2030. Its business model includes direct sales of hardware and physical rack systems to enterprises with secure self-hosted inference needs, as well as IP licensing for companies developing their own chips. According to CNBC, Samsung is one of the world's largest memory makers and a major supplier of HBM and DRAM, making its partnership with AI inference chip companies complementary to its memory business.