Europe uses about a fifth of the world’s chips, but makes only a tenth of them. A three-year-old Munich startup thinks it can help close that gap, and Brussels has just backed the bet.
QuantumDiamonds is a spin-out of the Technical University of Munich. It has raised €91M to scale a new way of finding faults inside advanced chips. The round has two parts. One is €15M of equity, led by climate-tech fund World Fund.
The other is €76M of state aid, approved under the European Chips Act.
The state money is the real headline. QuantumDiamonds is set to become the first startup ever to win manufacturing funding under the Chips Act. Until now, that pot has gone to giants such as GlobalFoundries and Carl Zeiss.
A microscope that sees electricity
