US Government Unveils $389 Million Investment in Semiconductor R&D to Boost Fusion and Advanced Computing Technologies

10/23/2026

The US Department of Commerce has signed letters of intent with four companies to provide up to US$389 million in federal research and development awards under the CHIPS and Science Act, targeting...

10/23/2026

The agreement will see the Department of Commerce take a minority stake in the company

10/22/2026

The US Commerce Department said on Thursday it plans to award $389 million in research and development funding to four companies working on ​power semiconductor devices and critical materials to...

10/22/2026

Helion, the Everett, Wash., startup chasing fusion energy, is expanding its semiconductor work with a potential $175 million federal award and plans for more than 100 local jobs. The goal is to...