Black Semiconductor, a spin-off and current partner of the Graphene Flagship, secures EUR 254.4 million in funding to launch new semiconductor technology in Europe.
The German federal government and the State of North-Rhine-Westphalia commit EUR 228.7 million in funding to drive a new generation of chips developed by Black Semiconductor, a technology company specialising in graphene-based chips.
The company has also secured EUR 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.
Transforming the chip industry
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. This is an important step towards developing the semiconductor value chain in Europe, enhancing the continent’s technological sovereignty. The capital injection facilitates product development, along with graphene production in Europe and the creation of new high-tech jobs in Aachen, Germany.