Axelera AI said on September 15 that it had signed contracts worth tens of millions to supply chips to AI factories as it launched Europa, its second-generation processor. The chip is intended for specified Dell and Supermicro systems.

The company says more than 600 customers use its hardware and that it is pursuing up to $1.5 billion in potential sales. That larger figure is a pipeline, not booked orders or recognized revenue. Europa extends Axelera beyond its first-generation Metis edge-inference products.

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