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first diamond semiconductor manufacturing facilityTechCrunch
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85% Informative
Ookuma Diamond Device ( ODD ) has raised $27 million to build the world’s first diamond semiconductor manufacturing facility in Fukushima , Japan .
The startup was specifically founded in 2021 to help with decommissioning the Fukushima Daiichi Nuclear Power Plant.
Diamond semiconductors will be used in larger facilities such as nuclear power plants that require super high temperatures and radiation levels.
Globis Capital partners led the recent funding, which brings its total raised to approximately $45 million ( 6.7 billion yen ) since its inception, with participation from Coral Capital , aSTART, Green Co-Invest Investment , Japan Post Bank Spiral Regional Innovation Fund , Mitsui Sumitomo Insurance venture capital, SMBC Venture Capital , among others. The startup, which currently has 27 employees, has also received around $15 million in government grants from the Cabinet Office , METI , MIC , ATLA, and the Reconstruction Agency ..
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