News about CHIPS Act: events, facts and developments on tafs uz.
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The US Commerce Department has awarded Helion and Commonwealth Fusion Systems grants under the CHIPS Act to develop semiconductors for fusion reactors. For the first time in the industry, the companies paid the government with nonvoting equity: Helion gave up about 1% at a $15.5 billion valuation, while the size of the stake in CFS was not disclosed.
Otabek YusupovCommonwealth Fusion Systems announced it will receive $85 million under the CHIPS Act program from the US Department of Commerce to develop semiconductors for the fusion industry. The funds will go toward five initiatives, including silicon carbide power electronics, radio-frequency generators, radiation-hardened electronics, and adaptation of AI chips. The government will receive an equity stake in the company.
Sevara AzamovaThe US Department of Commerce announced its intention to provide up to $389 million to four companies for research and development of power semiconductors and critical materials. The funds under the CHIPS and Science Act will go to Helion, Commonwealth Fusion Systems, Vertical Semiconductor, and Sibelgo — for technologies in fusion energy, data centers, and ultra-high-purity quartz.
Javlon TursunovFusion startup Helion has received a three-year $175 million grant under the CHIPS Act to develop and manufacture power semiconductors, along with $50 million in private investment. The company says halving losses in electronics could double the energy output of its reactors. A new production line in Washington state will be the first of its kind in the US.
Sevara Azamova
