Porsche Ventures and Project A Ventures led a €254.4m funding in Black Semiconductor.

Porsche Ventures, a venture capital firm, and Project A Ventures, a venture capital company, led a €254.4m funding in Black Semiconductor, a pioneer in next-generation chip technology. "Europe needs to focus on achieving independence in key enabling technologies to ensure the continent's autonomy and economic stability amid geopolitical challenges and supply chain issues. Semiconductors have been a much-neglected industry. Black Semiconductor, with its great founding team, exceptional technological know-how and substantial funding, has the ability to bring back some of the much-needed technological sovereignty and become one of the key players in Europe", Uwe Horstmann, Project A GP.