➀ Intel's preliminary $8.5 billion Chips Act funding may be reduced due to the company's plans to withdraw investment in Ohio and unconvincing process development results. ➁ The reduction may also be affected by the Pentagon's $3 billion foundry deal with Intel. ➂ The Chips Act grant is now unlikely to exceed $7.5 billion, and Intel is also in line for $11 billion in government loans.
Recent #funding news in the semiconductor industry
➀ Intel CEO Pat Gelsinger expressed optimism that the incoming Trump administration will support the domestic semiconductor industry. ➁ Intel is due $19 billion in grants and loans under the Chips Act. ➂ Gelsinger has previously complained about a lack of funding for domestic competitiveness.
➀ The US government has announced a $100 million funding opportunity to apply AI and autonomous experimentation (AE) to next-generation semiconductor manufacturing. ➁ The investment aims to demonstrate that new sustainable semiconductor materials and processes can be designed and tested within five years. ➂ The funding will support universities, researchers, and graduates to increase the sustainability of semiconductor manufacturing and build a skilled workforce.
➀ Xscape Photonics has secured $44 million in Series A funding; ➁ The round was led by IAG Capital Partners; ➂ Cisco Systems Inc. and Nvidia Corp. participated in the round.
➀ Q-CTRL, an Australian quantum infrastructure software specialist, has raised $113 million in Series B funding with $59 million in new capital. The round was led by GP Bullhound and included new investors such as Alpha Edison, Lockheed Martin Ventures, and NTT Finance. ➁ Q-CTRL's founder and CEO, Michael Biercuk, emphasizes the importance of software as a key enabler for quantum hardware across various applications. ➂ The funding will be used to expand Q-CTRL's investment in quantum control R&D and product engineering to serve a growing list of clients, including Fortune 500 companies, government departments, and quantum platform providers.
➀ Rapidus, the Japanese startup aiming for 2nm manufacturing capability, faces a $7 billion funding gap. Three Japanese banks are investing $35 million each, with the Development Bank of Japan adding $70 million. ➁ Rapidus originally estimated a $14 billion cost for its 2nm pilot line and $7 billion for volume production. Now, the company forecasts another $7 billion is needed to establish the pilot line, with the total estimated at $35 billion. ➂ Rapidus is seeking additional investment from corporate backers and government support for its expansion plans.
➀ The U.S. Chips Act awards $5 million to 17 small businesses for metrology projects under the SBIR Programme; ➁ The funding aims to establish the merit, feasibility, and commercial potential of the proposed projects; ➂ The recipients include companies focused on high-speed cameras, EUV lithography, cryogenic systems, thermal analysis, and semiconductor fabrication equipment among others.
➀ Ziguangisoc has successfully completed a 4 billion yuan equity financing round; ➁ The funding will be used to strengthen talent recruitment, solve capital issues, and enhance innovation; ➂ The company is a leading player in mobile communication chip research and development, with a significant market presence; ➃ The funding round received support from various state-owned platforms, banks, insurance institutions, firms, and social capital; ➄ Ziguang Unisoc is actively expanding its global market presence, with its 5G chips reaching 50 countries and regions; ➅ The company is expected to accelerate its IPO process with the completion of this funding round.
➀ The number of China's unicorns has dropped from 192 in 2021 to 106 in 2023. ➁ The decline is attributed to US restrictions on funding for startups in China. ➂ US dollar funds accounted for a smaller percentage of fundraising deals in 2023 compared to previous years.
➀ ATLAS Space Operations has raised $15 million in an investment round led by NewSpace Capital; ➁ The funding will be used to meet industry demand and manage the rapid growth of the company; ➂ The company is a Ground Station as a Service (GaaS) and Ground Software as a Service (GSaaS) provider with the largest U.S. owned and operated global federated ground network.
1. Fractile, a UK-based AI chip company, has raised $15m in seed funding and exited stealth mode. 2. The company has developed a new approach to AI chip design that promises significant performance improvements. 3. Fractile's technology focuses on in-memory computing and aims to achieve 20x the TOPS/W of current systems.
1. Innatera, a Dutch company specializing in neuromorphic processors, has raised an additional $5 million, bringing the total Series A funding to $21 million. 2. The funding was led by Innavest and InvestNL, with participation from existing investors. 3. The company's flagship product, the Spiking Neural Processor T1, is set to enter mass production later in 2024, aiming for high-volume deliveries in Q2 2025.
1. Synspective, a Tokyo-based SAR satellite data specialist, has raised $43.5 million in Series C funding. 2. The funds will be used to develop, manufacture, launch, and operate SAR satellites for its constellation. 3. The company also plans to expand globally and improve its satellite data systems.
1. Diraq, a company specializing in quantum computing using silicon quantum dots, has secured $22 million in a Series A2 funding round led by Quantonation. 2. The funding includes investments from Main Sequence, Taronga Ventures, Uniseed, UniSuper, Co:Act Capital, and UNSW Sydney. 3. Diraq's CEO, Andrew Dzurak, expressed anticipation for partnering with these investors to achieve their roadmap for delivering the world's first fault-tolerant quantum computer.
1. Skynopy, a Paris-based space startup, has raised $3.1 million to enhance satellite connectivity. 2. Founded by former Loft Orbital directors, the company aims to simplify satellite communication using a mobile-like experience. 3. Skynopy's 'as-a-service' model allows satellite operators to focus on missions without worrying about connectivity infrastructure.
1. IENAI Space, a Madrid-based startup, has raised €3.9 million in its latest funding round to develop electric propulsion technologies. 2. The total funding now stands at €7 million, with investors including Inveready, WA4STEAM, DPM, GED Conexo Ventures, and CDTI. 3. The company plans to expand its manufacturing and testing facilities across Europe and increase its workforce from 22 to 30 employees.
1. Black Semiconductor, a German startup, has raised €254 million for the development of graphene ICs. 2. The funding includes €228.7 million from the German government and €25.7 million in equity funding. 3. The company aims to advance graphene semiconductor technology for faster, more energy-efficient, and cost-effective computation.
PreviousPage 2 of 2 pages