Semiconductors funding declines to €521M with deal count unchanged at 12

Semiconductor funding fell to €521M in the 90 days to 29 September 2026, down from €820M in the prior 90-day period, a decline of 36%, even as deal count held steady at 12 rounds in both windows. The flat deal count alongside a sharp drop in capital points to smaller average round sizes rather than fewer companies being funded, with the average deal size falling from roughly €68.3M to €43.4M.

Among the twelve sectors tracked in the same window, Semiconductors ranks last by recent funding volume, trailing categories such as Cleantech (€596M) and Deeptech (€614M), and far below AI, which leads with €6.7B. Its €521M recent total is also a small fraction of the AI sector's figure, underscoring how concentrated the broader funding pool has become around a small number of larger categories, while capital tied to semiconductor deals continues to shrink in relative terms.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-09-30). Figures are checked against the underlying data and each draft is reviewed by an independent second model before publishing; anything unverifiable is held back. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).