US to award $389 million in R&D funds for power semiconductors, critical materials
10 Articles
10 Articles
Commerce Department announces awards under CHIPS and Science Act
US to award $389 million in R&D funds for power semiconductors ...
The U.S. Commerce Department announced plans to provide up to $389 million in funding to four companies developing semiconductor and critical materials technologies.
The US administration plans to provide up to $389 million in funding to four companies for research and development in semiconductors and critical materials. In return for this support under the CHIPS and Science Act, the companies will receive minority stakes without controlling or voting rights.
The U.S. Commerce Department will provide up to $389 million in funding to four companies for semiconductor and critical materials projects under the CHIPS and Science Act. As a condition of the support, the government will acquire a minority stake in these companies, without controlling or voting rights.
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