With EU backing, QuantumDiamonds aims to speed up chip manufacturing

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. One of the beneficiaries is QuantumDiamonds, a German startup that applies a novel approach to inspecting chips.

With the approval of the European Commission, it has been granted €76 million in non-dilutive funding provided by Germany’s federal economy ministry and the state of Bavaria. The startup will use it to set up a new facility for the production of semiconductor testing equipment in Munich as part of a $178 million investment plan it had already announced.

A spinout from the Technical University of Munich (TUM), QuantumDiamonds has also raised a...

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