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HiQuTe Diamond, a startup launched in late 2022, is set to industrialize ultra-pure synthetic diamonds for quantum and power electronics, having raised €7.5 million to build its first factory in Île-de-France by summer 2026. Utilizing chemical vapor deposition, the company produces various colored diamonds for applications ranging from cancer cell analysis to GPS-free navigation, though it faces challenges in scaling production to meet industry standards for larger diamond wafers.