Nexstrom secures $12 million for 2D semiconductor wafer production

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Singaporean startup Nexstrom has raised $12 million to scale its platform for growing 12-inch single-crystal 2D semiconductor materials. This funding will support the company's efforts to bring post-silicon materials, crucial for next-generation computing and AI, to market.

Key facts

• Nexstrom has completed a funding round totaling $12 million.
• The company is developing a platform for 12-inch single-crystal 2D semiconductor materials.
• The funding will be used to scale Nexstrom's manufacturing capabilities.
• Nexstrom's technology focuses on post-silicon materials for next-generation semiconductors.
• The development of novel semiconductor materials is important for future computing and AI systems.