Hochtief weighs bid for EU funding to build an AI data centre
Germany's Hochtief is preparing to apply to build and run one of the large EU-funded AI data centres, Handelsblatt reported, citing people familiar with the matter.
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what happened
Construction group Hochtief, based in Germany, is preparing an application to build and operate one of the large AI gigafactories that the European Union plans to finance, the newspaper Handelsblatt reported on Wednesday, citing people familiar with the matter. According to the paper, the company is seeking a partner for the venture and has not yet chosen a location. Hochtief did not immediately comment when asked.
The European Commission last year announced plans to mobilise $20 billion for AI gigafactories as part of Europe's effort to close its gap with the United States and China in artificial intelligence.
why it matters
For markets this is a targeted story: it describes an intention from one company rather than a signed contract. Interest in AI infrastructure projects in Europe could support the construction sector, but partner, site and financing decisions have not yet been made.
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- Hochtief plans to apply for EU funding for data centre, Handelsblatt reports — Reuters, 21 October 2026 at 05:51 UTC
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