Europe is intensifying its efforts to achieve self-sufficiency in semiconductor manufacturing. A mere week following the European Commission’s approval of the Chips Act 2.0, the semiconductor industry unveiled significant news: NexiGO, a Berlin-based startup in Germany, has successfully concluded a seed funding round, raising €2 million. This capital injection will be directed towards the research and development of gallium oxide power semiconductors, which are poised to be the cornerstone technology for next-generation electric vehicles and will play a pivotal role in propelling the transformation of Europe’s energy electronics sector.
