Germany’s Black Semiconductor secures €254.4M to develop the semiconductor value chain in Europe; here’s how
Summary
The company has secured €228.7M in public funding from the German Ministry of Economic Affairs and Climate Action and the state of North Rhine-Westphalia over the next seven years under the IPCEI ME/CT2 program. The company plans to inaugurate a pilot manufacturing facility in Aachen by 2026, which will demonstrate the seamless integration of graphene into electronic chips. Patrick Huke, Partner and Head of Porsche Ventures says, “Our lead investment in Black Semiconductor together with Project A represents a great opportunity, harnessing photonics technology seamlessly integrated into conventional chips for a variety of industries, use cases, and future AI applications. In addition to $1B assets under management, Project A exclusively supports the portfolio companies in key areas of growth, such as software and product development, business intelligence, marketing, sales, and recruiting. Uwe Horstmann, co-founder, and General Partner of Project A, says, “Europe needs to focus on achieving independence in key enabling technologies to ensure the continent’s autonomy and economic stability amid geopolitical challenges and supply chain issues.