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Samsung-Tracking Leveraged ETF Jumps on AI Chip Startup Investment
A Hong Kong-listed leveraged exchange-traded fund tracking Samsung Electronics surged on Thursday following news that the South Korean tech giant has invested in a Dutch artificial intelligence chip startup developing alternatives to mainstream GPU technology.
Samsung Backs GPU Alternative
According to an announcement on its website, Dutch AI chipmaker Euclyd has secured over €200 million in a Series A funding round. The round was co-led by Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund, and Innovation Industries.
Euclyd is reportedly developing a complete AI chip system, including a new processor and memory architecture, designed specifically for AI inference tasks. The company's approach aims to provide an alternative to the Graphics Processing Unit (GPU) architecture that currently dominates the AI hardware market. However, the source material notes that Euclyd's system has not yet been validated through large-scale commercial deployment.
AdMarket Reaction
The news triggered a positive reaction from investors, reflected in the performance of a related derivative product. The CSOP Samsung Leveraged (2x) Daily ETF (ticker 07747) rose more than 5% during the trading session.
The ETF closed the day up 4.73% at HK$72.2, with a total turnover of HK$166 million. The sharp move in the leveraged product suggests strong investor optimism about Samsung's strategic bet on next-generation AI chip technology as it seeks to compete in the rapidly growing sector.
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