The U.S. Department of Commerce plans to allocate up to $389 million in R&D funding to four companies, sourced from the $10 billion semiconductor fund approved by Congress in 2022. The U.S. government will receive a minority equity stake with no control or voting rights.
Helion received up to $1.75 billion to develop high-voltage power semiconductors for nuclear fusion power generation; Commonwealth Fusion Systems received up to $850 million to research semiconductor devices related to nuclear fusion; Vertical Semiconductor received up to $730 million to advance vertical gallium nitride power semiconductors for AI data centers; and Sibelco received up to $560 million to develop ultra-pure quartz purification technology for semiconductors.
The Secretary of Commerce stated that the subsidies aim to accelerate domestic semiconductor innovation and strengthen the national energy and power supply chain.
U.S. Department of Commerce to Allocate $389 Million for Power Semiconductor and Critical Materials R&D
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Summary
The U.S. Department of Commerce announced project funding, allocating up to $389 million for research and development in power semiconductors and critical materials. The funds are drawn from the $10 billion semiconductor fund approved in 2022. Helion, Commonwealth Fusion Systems, Vertical Semiconductor, and Sibelco will receive up to $175 million, $85 million, $73 million, and $56 million, respectively. Projects include nuclear fusion, AI data centers, and high-purity quartz technology. The government will hold non-controlling equity stakes in the companies. This move follows ongoing concerns over inflation data.
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