Brothers Daniel and Sebastian Schall launched Black Semiconductor in 2020, spinning it out from the University of Aachen.
Graphene has been hailed as a wonder material thanks to its remarkable properties.
Thats because its the thinnest and strongest material known to science and an excellent conductor of electricity.
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In turn, it can faciliate chip networks with a higher-than-ever performance.
These networks can speed up data communication between chips, improving their performance and energy efficiency.
The chips can power applications across multiple industries, ranging fromdatacentres to GenAI, and autonomous driving.
The company expects mass production to begin by 2031.
The sum is a combination of private and public funding.
Private investors including Porsche Ventures, Partner A Ventures, and Scania Growth backed the startup with 27.5mn.
This is a 8.1bn state aid scheme introduced by the EU Commission last year.
Next to state aid funding schemes andkey partnerships, the bloc has introduced theChips Act.
One of the themes of this years TNW Conference is Venture: Show Me The Money.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
