Diamond Foundry's Expanded Investment In Spain

Diamond Foundry has secured significant funding for its $2.77 billion expansion in Spain, building on the success of its initial "rough diamond" facility in Trujillo. The expansion is now fully funded following the authorization by Spain's Council of Ministers for the Ministry for Digital Transformation and Public Administration to participate. This participation involves an investment of 753 million Euros through the Spanish Society for Technological Transformation (SETT), facilitated by the PERTE chips program. The goal of this expansion is to scale up the fabrication of Diamond Foundry's most advanced and unique technology: single-crystal diamond (SCD) wafers.

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