Berlin, 12.06.2024. Black Semiconductor, a pioneer in next-generation chip technology, announces one of the largest funding for a deep tech company manufacturing chips in Europe to date. The company has secured EUR 228.7 million public funding over the next 7 years under the IPCEI ME/CT program. Alongside the public funding, Black Semiconductor has secured an additional EUR 25.7 million in equity funding. The round was led by Porsche Ventures and Project A Ventures, with participation from leading venture capital firms, corporates, and industry leaders.

Black Semiconductor introduces a new generation of chip technology by leveraging graphene technology to create powerful chip networks with unparalleled performance, connecting thousands of chips to allow them to interact as if they were one.

"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. Semiconductors have been a much-neglected industry. Black Semiconductor, with its great founding team, exceptional technological know-how and substantial funding, has the ability to bring back some of the much-needed technological sovereignty and become one of the key players in Europe", says Uwe Horstmann, GP at Project A.