# Sovereign AI — Funding vehicles ## Four funding vehicles, drawn on one scale without a total US CHIPS Act awards, sovereign-wealth-fund deployable capital, company infrastructure pledges, and the grid pre-emption signal around each EuroHPC AI Factory, kept separate from the government-execution reconciliation so a pledge is not mistaken for a budget. Cite PrintScreenshot Appropriated · CHIPS $44.0B US CHIPS Act final awards: **$38.5B** in grants (solid) plus **$5.5B** in loans (the lighter strip), across **26** awards. Appropriated government money, T1. **$7.4B** of it is under announced rescission review. Pledged · corporate $260.8B Company infrastructure pledges, from **6** announcements (each the company’s own release, T1). The hatched **$102.5B** is already counted inside a program’s announced figure on Programs; adding it back would double-count. One figure is an “up to” ceiling, not a stated point. Allocated · sovereign wealth $119.4B Current private-equity allocation aggregated across **30** sovereign funds (licensed database, T2, vintage 2026-05-19; aggregate only). The parchment field behind it is the **$5.7T** those funds manage in total, about **47×** the allocated slice, drawn to the same scale and leaving the frame. Capital under management is not AI deployment. The grid ledger, measured in substationsDE65ES51FR16EU13IT12CZ10PL8FI1IE—NL—SE— _Plate II._ Every square’s area is proportional to its dollars on one shared scale. The plate has no total by design: an appropriation, a pledge, and an allocation are different kinds of money, and none of them is a disbursement. Disbursed money is reconciled on the Programs view. The grid ledger counts substations within 50 km of each EuroHPC AI-Factory anchor (T1 OpenStreetMap topology, a structural edge-capacity proxy that does not measure headroom); an em dash there marks an anchor whose coordinates did not resolve. Four kinds of capital, each from its own source, each with its provenance stated on its own panel below. Government grants (CHIPS) and sovereign-wealth deployable capital are kept separate from company pledges, and none of these is a disbursement. A pledge is realized only when it appears as a primary-sourced facility row on the [Map](/map); the government-execution reconciliation is on [Programs](/sovereign-ai). ### Working detail: the four ledgers in full Direct grants $38.51B Loans $5.50B Facility-bound 21 / 26 5 corporate-level (multi-state composite) Section 48D undisclosed 18 / 26 ITC values not disclosed at per-recipient level **Rescission risk.** 2 rows have a rescission-risk flag, totalling $7.40B. The Trump administration announced removal of Natcast as NSTC operator in August 2025 and rescission of $7.4B in previously-awarded CHIPS R&D funds. The record keeps the announced final award and the subsequent rescission announcement side by side, and the rollup totals include both. ### Recipients (sorted by allocation) TSMC Arizona Corporation1 row·2024-11-15·Section 48D undisclosed$11.60B▶ Intel Corporation1 row·2024-11-26·corporate-level (multi-state)·Section 48D undisclosed$7.87B▶ Natcast, Inc.2 rows·2025-01-16·corporate-level (multi-state)·rescission flag$7.40B▶ Micron Technology, Inc.1 row·2024-12-10·corporate-level (multi-state)·Section 48D undisclosed$6.17B▶ Samsung Electronics Co., Ltd. (Texas operations)1 row·2024-12-20·Section 48D undisclosed$4.75B▶ Texas Instruments Incorporated2 rows·2024-12-20·Section 48D undisclosed$1.60B▶ GlobalFoundries U.S. Inc.1 row·2024-11-20·corporate-level (multi-state)·Section 48D undisclosed$1.50B▶ SK hynix America, Inc.1 row·2024-12-19·Section 48D undisclosed$958M▶ ▼ Show 15 more 30 Sovereign entities Sovereign wealth funds and government agencies 18 Countries $5667.1B Aggregate capital under management $119.4B Aggregate current-PE allocation Announced total $261B sums all 6 announcements; $103B of it is also counted inside the sovereign program figures above; one summand is an “up to” ceiling; 3 of 6 USD figures are ECB-reference-rate conversions (arithmetic in row flags) Outside sovereign figures $158B the 4 pledges not already inside a government program figure on this page; this is the only subtotal that does not double-count against the dashboard above Realized to date — not tracked at this level; deployment appears only as primary-sourced facility records Primary-sourced 6 / 6 tier 1: the company's own IR release or newsroom; 6 countries Adani Group pledge to →Indiaannounced Feb 2026·capex pledge·2 GW existing → 5 GW target·to 2035·with Google, Microsoft, Flipkart·characterization disputed·3 source notes$100B▶ SoftBank Group Corp. pledge to →Franceannounced May 2026·build-and-operate program·5 GW target·with EDF, Schneider Electric, SB Energy·inside the France sovereign figure above·3 source notesup to $87.3B▶ Microsoft pledge to →United Kingdomannounced Sep 2025·investment program·to 2028·with Nscale·1 source note$30.0B▶ Amazon Web Services pledge to →Japanannounced Jan 2024·capex pledge·to 2027·1 source note$15.3B▶ Microsoft pledge to →United Arab Emiratesannounced Nov 2025·investment program·to 2029·with G42·inside the United Arab Emirates sovereign figure above·3 source notes$15.2B▶ Amazon pledge to →Australiaannounced Jun 2025·investment program·to 2029·2 source notes$13.0B▶ **Germany**DE Anchor: JUPITER (EuroHPC) 65 substations within 50 km19,520 kV aggregate ▶ show 12 nearest **Spain**ES Anchor: MareNostrum 5 (EuroHPC) 51 substations within 50 km13,200 kV aggregate ▶ show 12 nearest **France**FR Anchor: GENCI Adastra 16 substations within 50 km3,775 kV aggregate ▶ show 12 nearest **EU-Wide**EUROHPC Anchor: Supercalcolatore Leonardo - Rete EuroHPC 13 substations within 50 km4,140 kV aggregate ▶ show 12 nearest **Italy**IT Anchor: Leonardo (supercomputer) 12 substations within 50 km3,920 kV aggregate ▶ show 12 nearest **Czech Republic**CZ Anchor: Karolina (EuroHPC) 10 substations within 50 km3,280 kV aggregate ▶ show 10 nearest **Poland**PL Anchor: Beyond.pl - DC2 / Poznan 8 substations within 50 km2,300 kV aggregate ▶ show 8 nearest **Finland**FI Anchor: LUMI Supercomputer (CSC Finland) 1 substations within 50 km400 kV aggregate ▶ show 1 nearest **Anchor coordinates unresolved.** 3 programs did not resolve to a named facility with coordinates, so the country-level substation count is the only signal available:IE (54 substations) · NL (65 substations) · SE (215 substations). Facility records derived from Epoch’s catalog commonly have no coordinates; those derived from OpenStreetMap do.