US Commerce commits up to $389m to power semiconductors for fusion and computing

The US Department of Commerce signed Letters of Intent with four companies for up to $389 million in R&D awards for power semiconductors. Helion gets up to $175m, CFS $85m, Vertical Semiconductor $73m and Sibelco $56m, with the government taking minority non-voting stakes.

• Helion to receive up to $175m for power semiconductors in fusion magnets
• CFS gets $85m for semiconductors used in ARC reactor maintenance robots
• Vertical Semiconductor awarded up to $73m for GaN power chips
• Sibelco to get up to $56m for ultra-high-purity quartz processing