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Spin-off and current partner of the Graphene Flagship, secures €254.4 million in funding to launch new semiconductor technology in Europe.
July 19, 2024
By: DAVID SAVASTANO
Black Semiconductor, a pin-off and current partner of the Graphene Flagship, has secured €254.4 million in funding to launch new semiconductor technology in Europe.
The German federal government and the State of North-Rhine-Westphalia committed €228.7 million in funding to drive a new generation of chips developed by Black Semiconductor, a technology company specializing in graphene-based chips.
The company has also secured €25.7 million in equity funding led by Porsche Ventures and Project A Ventures, with participation from Scania Growth Capital, Capnamic, Tech Vision Fonds, NRW.BANK, joining seed round investors Vsquared Ventures, Cambium Capital, and Hermann Hauser’s Onsight Ventures.
Set to transform the chip industry, a new generation of chip networks will solve connectivity barriers and multiply computing power and efficiency.
With the funding, Black Semiconductor is positioned to enable the first semiconductor mass production based on the material graphene. The capital injection facilitates product development, along with graphene production in Europe and the creation of new high-tech jobs in Aachen, Germany.
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