News about Commonwealth Fusion Systems: 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 Azamova
