Black Semiconductor, a technology company specialising in graphene-based chips, has secured EUR 254.4 million in funding to launch new semiconductor technology in Europe. The German federal government and the State of North-Rhine-Westphalia have committed EUR 228.7 million in funding to drive a new generation of chips developed by Black Semiconductor.
In addition to the government funding, 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. This significant financial support will enable Black Semiconductor to transform the chip industry with a new generation of chip networks that solve connectivity barriers and multiply computing power and efficiency.
With this funding, Black Semiconductor is poised to enable the first semiconductor mass production based on the material graphene. This marks an important step towards developing the semiconductor value chain in Europe and enhancing the continent’s technological sovereignty. The injection of capital will facilitate product development, graphene production in Europe, and the creation of new high-tech jobs in Aachen, Germany.
An image of Black Semiconductor’s graphene-fotonic wafer during the probing process is shown above. Photo credit: Cem Sarac Engin