Black Semiconductor secures €254.4 million for graphene-based chips
German federal government and the state of North-Rhine-Westphalia contribute the majority of funding to aid new chip generation development. Porsche Ventures and Project A Ventures lead equity funding
According to a press release on June 12, Black Semiconductor has secured €254.4 million (around $272 million) in funding to launch this new semiconductor technology. Out of the total funds, €228.7 million has been provided by the German federal government and the state of North-Rhine-Westphalia with the objective of advancing the development of a new generation of chips. Porsche Ventures and Project A Ventures, including participation from Scania Growth Capital, Capnamic, Tech Vision Fonds, NRW.Bank, Vsquared Ventures, Cambium Capital and Hermann Hauser's Onsight Ventures led an additional €25.7 million in equity funding.
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