US Awards 389M for Power Semiconductors
The US Commerce Department plans to award 389 million dollars in research and development funding to four companies working on power semiconductors and critical materials. The initiative aims to boost technologies like commercial fusion and AI data centers while granting the government minority equity stakes.
Insights:
The United States Commerce Department will award $389 million in research and development funding to four companies to advance power semiconductors and critical materials. The initiative aims to bolster domestic technologies including commercial fusion and AI data infrastructure. In exchange for the capital, the government will secure minority, non-controlling equity stakes in the recipients.
