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French deep tech spinout Diamfab crystallizes hopes for diamond semiconductors to support green transition
Its long-term goal is to make more efficient semiconductors with a lower carbon footprint, while supporting what its CEO refers to as "the electrification of society," starting with transportation.
As more funding flows into deep tech to address difficult global problems like climate change, PhD entrepreneurs coming out of Europe’s top universities and labs are increasingly turning their research into companies. When silicon has become a commodity, Diamfab’s high-value-added diamond wafers could be made in Europe and sold at a premium warranted by their higher efficiency, which also ties into the green transition. This five-year horizon made Diamfab a no-go for some VCs; while these may be sympathetic to the idea of reindustrializing Europe with cutting-edge innovation, their liquidity cycles make these types of investments more difficult.
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