EU Prosecutors Probe Northern Data’s €500 Million GPU Buy

The European Union prosecutors are investigating Northern Data AG, a German technology company, over a €500 million ($586 million) purchase of high-performance computing (HPC) chips. The investigation stems from the possibility that the company illegally claimed a tax break on this large-scale acquisition. The probe led to raids on Northern Data's offices last week, as authorities sought to gather evidence and examine the company's financial records. The investigation is focused on determining whether the company's claims for the tax break were legitimate or if it engaged in any illegal activities. The case highlights the scrutiny that large-scale technology investments can face, particularly when it comes to tax-related matters. Northern Data, which operates data centers and provides HPC services, has not yet commented on the ongoing investigation. The outcome of this probe could have significant implications for the company and potentially set precedents for how similar large-scale technology purchases are handled in the future.