🇸🇬Semiconductor-materials startup Nexstrom raised $12 million and developed a platform for growing 12-inch single-crystal 2D semiconductor materials.

Singapore-based Nexstrom raised $12 million, according to Data Center Dynamics. The report presents this as money raised, rather than a fundraising target or maximum available financing facility.

The company has developed a platform for growing 12-inch single-crystal two-dimensional semiconductor materials. The 12-inch figure describes the material-growth format; it is not a chip feature size, production-rate measure, or compute-capacity figure.

The article frames Nexstrom’s work as post-silicon chip-wafer development. Its supplied excerpt does not identify investors, valuation, financing terms, material composition, manufacturing yield, or commercial production volumes, so those details cannot be established here.