04 Dec 2025
EC and EIB sign Memorandum of Understanding to support AI Gigafactories
The European Commission, represented by Executive Vice-President for Tech Sovereignty, Security and Democracy Henna Virkkunen, and the President of the European Investment Bank Group Nadia Calvino as well as the Deputy Chief Executive of the European Investment Fund, Merete Clausen signed a Memorandum of Understanding on 4 December 2025 to support the development and deployment of AI Gigafactories across the European Union. The agreement establishes a framework to accelerate the financing and development of the AI Gigafactories that will anchor Europe's future AI infrastructure. The EIB Group will provide tailored advisory support to consortia that responded to the Commission's informal Call for Expression of Interest. This guidance will help turn ambitious concepts into bankable projects that can be submitted in the formal call for the establishment of AI Gigafactories planned for early 2026, paving the way for potential EIB co-financing.
According to the EC, this memorandum of understanding will advance the InvestAI initiative, announced by President Ursula von der Leyen at the AI Action Summit in Paris in February 2025. InvestAI mobilises a €20 billion facility to support up to five AI Gigafactories—large-scale computing facilities dedicated to the development and training of next-generation AI models. Beyond unlocking investment, this partnership aims to translate Europe's AI vision into concrete, large‑scale facilities that can power innovation, strengthen technological sovereignty, and position the EU as a global leader in Artificial Intelligence.
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