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A €91M bet on the diamond microscope that could be Europe’s next ASML

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 m...

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