COMMERCE PLANS $389M FOR POWER SEMICONDUCTORS, WITH THE GOVERNMENT TAKING EQUITY STAKES

Summary from the TLDR Hardware newsletter

The Commerce Department plans four awards: up to $175 million for Helion's high-voltage power semiconductors and modules for fusion, $85 million for Commonwealth Fusion Systems' plasma-heating and radiation-hardened electronics, and $73 million for Vertical Semiconductor's vertical gallium nitride devices for AI racks. Sibelco gets $56 million for ultra-high-purity quartz purification.