Germany's Black Semiconductor has raised €254 million ($274 million) in funding to develop graphene-based chip technology. The funding round, led by Porsche Ventures, comprises €229 million in public grants and €26 million in equity. This substantial investment aims to bolster Europe's technological sovereignty and enhance supply chain resilience. The company plans to use the funds to advance its chip technology, with mass production expected by 2031. This marks one of the largest funding rounds for a deep tech company in Europe to date, as reported by TechCrunch.