Latest news and stories about investment in technology in Setúbal, Portugal for expats and residents.
The Portuguese government has confirmed it will not maintain a direct financial stake in the development of the upcoming artificial intelligence Gigafactory.
Portugal and Spain have announced a joint bid to develop an AI gigafactory, with an investment of €8 billion, aiming to enhance their technological capabilities and position in the global innovation market. The project will establish infrastructure in both countries, with Sines in Portugal as a key location, and is part of a broader strategy to strengthen Southern Europe's role in AI development. This initiative reflects a significant political and economic collaboration between the two nations, focusing on equitable resource distribution and fostering a competitive edge in the digital economy.
An analysis of the current and near-future outlook for the artificial intelligence and information technology sectors within the Portuguese market.
Chinese battery manufacturers have announced investments of nearly 90 billion dollars (80 billion euros) abroad since 2023, to bypass protectionist barriers and consolidate dominance of global supply chains.
Portugal is the “ideal gateway for American technology to enter Europe,” stated US Secretary of State Marco Rubio this Thursday, highlighting examples such as transatlantic submarine cables and data centres. “Portugal plays an integral role in the development of American technology in Europe,” said the US head of diplomacy in Lisbon.
The investment associated with the Sines data centre is expected to have an import content of nearly 100%, estimates the Banco de Portugal, and is the most extreme example of an external dependency that permeates investment in Portugal. In 2025, the import content of gross fixed capital formation (GFCF) – investment in machinery, ...
Start Campus, which is building a large-scale data centre campus in Sines, has secured 90 million euros in new funding through a private bond placement. The transaction, executed via Sines Campus DC01, S.A., was approved on 26 August and published on 14...
The Alentejo 2030 Programme has launched a call for Research and Development (R&D) projects in the Alentejo Litoral region, with a budget of five million euros, the Regional Coordination and Development Commission (CCDR) revealed this Thursday. In a statement, the Alentejo CCDR added that the call for proposals, titled 'Business R&D SI for a...', was announced.
Portugal has strengthened its position as a strategic hub for transatlantic digital connectivity after Google’s Nuvem submarine cable was officially landed in Sines, marking another major investment in the country’s The post Google’s Nuvem cable strengthens Portugal’s role as transatlantic digital gateway appeared first on Portugal Resident.
Google's Nuvem cable system joins two other high-capacity submarine cables already connecting Portugal to other continents – the Equiano cable, also owned by Google, which connects Portugal to South Africa, passing through other African countries, and the EllaLink, which connects Sines to Brazil in Latin America.
The arrival of artificial intelligence (AI) chips at the Start Campus data centre in Sines explains the investment boom recorded in Portugal in the first quarter, which boosted economic growth. The order was so significant that it moved the needle for the National Statistics Institute (INE). The Portuguese economy grew by 2.3% in...
Portugal is preparing a joint bid with Spain for European funds. Investment of eight billion euros.
Nscale, a British company that provides infrastructure to support artificial intelligence (AI), is expanding its investment in Portugal, taking full occupation of the second building of the Start Campus data The post British company Nscale invests almost €700 million in Sines data center appeared first on Portugal Resident.
Nscale will install more than 66,000 advanced Nvidia GPUs at the Sines data centre in the Setúbal district to boost artificial intelligence systems. The investment, to be completed by the end of 2027, builds on a partnership with Microsoft and includes a 465 million euro investment in a new 200 MW facility, marking one of the most significant AI infrastructure projects in the EU and Portugal to date.
British company Nscale announced that the operation involves an additional investment of 695 million euros.
Portugal is preparing to receive another large shipment of highly advanced Nvidia processors specialised in artificial intelligence (AI). The British company Nscale announced this Tuesday that it will install more than 66,000 Nvidia Rubin graphics cards at the Start Campus data centre in Sines starting at the end of 2027. The investment adds to the package...
By the end of 2027, the Sines data centre will receive 66,000 more processors from the giant Nvidia to power Microsoft's artificial intelligence. The infrastructure for this expansion alone involves an investment of nearly €700 million from the British company Nscale.
.png)