US awards $389M in semiconductor R&D under CHIPS Act

The US Commerce Department allocated $389 million to four semiconductor companies under the CHIPS and Science Act. Helion gets the largest grant at $175 million for power semiconductors, with the government receiving minority, non-controlling, non-equity stakes in return.

• Helion receives $175M for high-voltage power semiconductors and energy modules
• Commonwealth Fusion Systems gets $85M for chips used in robotic maintenance
• Vertical Semiconductors gets $73M, Sibelco North America $56M
• Commerce has issued 19 R&D grants from the $10B CHIPS Act fund