Overview
- Handelsblatt, citing multiple insiders, reports the companies are in far-advanced negotiations on a joint proposal, though no formal agreement has been announced.
- A Schwarz Digits co-CEO, Rolf Schumann, said the firm has teamed up with Telekom to bring the gigafactory to Germany, signaling intent despite the lack of a confirmed deal.
- Brookfield is mentioned in reports as a possible financier for the project, but financing arrangements remain unconfirmed.
- Both firms are pursuing separate data center investments in parallel, with Telekom building a Munich AI facility with Nvidia for over €1 billion and Schwarz developing an €11 billion site in Lübbenau without state aid.
- The EU plans four to five large AI data centers with up to 35% public co-funding, estimating €3–5 billion per site, a push driven by Europe’s limited share of high-performance AI chips compared with the U.S.