French private equity firm Ardian has completed a €1 billion fundraising for its semiconductor investment strategy, Ardian Semiconductor. Approximately €700 million has been committed to the fund itself, with the remainder allocated to co-investments. Middle East and North African (MENA) investors contributed 41% of the capital, followed by French investors at 24%. Limited partners include government agencies, sovereign wealth funds, semiconductor companies, insurers, and private wealth clients. Launched in October 2023, the strategy targets the semiconductor value chain, primarily focusing on European companies while also covering North American and Asian markets. Notable investments include VSORA, a French chip designer specializing in AI inference accelerators.