German startup QuantumDiamonds secures €76M EU-backed funding for novel chip inspection technology
QuantumDiamonds, a German startup, has secured €76 million in non-dilutive funding from Germany's federal economy ministry with European Commission approval. The company applies a novel approach to inspecting chips, positioning itself as a beneficiary of the European Chips Act — the EU's counterpart to the U.S. Chips Act aimed at fostering the semiconductor industry. This development signals Europe's ambition to build a more competitive chip manufacturing ecosystem beyond ASML's dominance.
Key quotes
The race to produce more chips is on, and Europe is in.
ASML, the Dutch company that has a near-monopoly on manufacturing the machines used for chipmaking, may soon no longer be an isolated success story.
Like its U.S. counterpart, the European Chips Act aims to foster the semiconductor industry — in part thanks to state subsidies.
From the article
Like its U.S. counterpart, the European Chips Act aims to foster the semiconductor industry — in part thanks to state subsidies. One of the beneficiaries is QuantumDiamonds, a German startup that applies a novel approach to inspecting chips.
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