UK-based Kubos Semiconductors announced that it has won a £700,000 (almost $900,000 USD) Future Economy Investor Partnerships (FEIP) grant from Innovate UK, the UK government’s innovation agency. Kubos also updates that it has been granted its first process technology patents and has received its first customer order.
This FEIP grant is for a 24-month project to achieve 5% efficiency for red microLEDs by deploying the company’s proprietary cubic Gallium Nitride (GaN) process, called KubosLED.
This is Kubos' third funding round, following a $605,000 round in 2022 and a $920,000 one in 2020 led by the LCIF2 fund.
Posted: Aug 01,2023 by Ron Mertens