Team Cambium is beyond excited for the future of Black Semiconductor!
We are beyond excited to announce that we have successfully secured €254.4 million in our Series A and the IPCEI ME/CT program. This is one of the largest funding rounds ever for a chip manufacturing company in Europe! The total investment comprises €228.7 million public funding from Bundesministerium für Wirtschaft und Klimaschutz and Ministerium für Wirtschaft, Industrie, Klimaschutz und Energie des Landes NRW and €25.7 million equity investment, led by Porsche Ventures and, for the second time, Project A. New investors include major venture capital firms, corporations and industry leaders such as East Hill Equity - Managing Scania Growth Capital, Capnamic, TVF | TechVision Fonds and NRW.BANK. They are joining our seed round investors Vsquared Ventures, Cambium Capital Management and Onsight Ventures. “We highly value the strong support of the government and renowned investors to jointly advance the development of novel technologies in Europe. The investment enables us to drive our product development and 300 mm wafer pilot production facility forward at full speed. As traditional chip technology moves closer to its technological and economic limits, our innovation paves the way for faster, more powerful, cost-efficient, and energy-efficient computation.” says CEO Daniel Schall. The capital will enable us to build our pilot line in Aachen, Germany, for the long-term goal of mass production in 2031. In addition, we will continue to hire the best talent and professionals, with a goal of growing from 30 to 120 employees by 2026. Thanks to everyone who has made this possible, especially our partners and investors, and of course, the entire BLK team! For more information: https://blacksemi.com/ #BLK #BlackSemiconductor #Aachen