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Diamond Foundry valued at $1.8bn after $200m fundraising


Diamond Foundry has notched up a $1.8bn valuation after a $200m investment by Fidelity. The funding will help Diamond Foundry in its aim to quintuple production at its Washington state factory to as much as 5m carats a year by the end of 2022 — equivalent to almost a quarter of De Beers’ 2020 production.
The company also plans to spend some of the $200m on perfecting the production of 200mm single-crystal diamond wafers for use in semiconductors. In future they could be used in electric vehicles as well as 5G technology.
(Source:Diamond Foundry)

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