US Commerce Department to Award $389 Million in Chip R&D Funding with Equity Stakes
The U.S. Commerce Department has announced a plan to award up to $389 million in research and development funding to four companies focused on semiconductor technology. As part of this initiative, the federal government will take minority equity stakes in the recipient firms to ensure long-term alignment with national interests. The funding is aimed at bolstering domestic chip R&D capabilities. Among the recipients is Helion, a company backed by OpenAI (OPENAI), signaling a strategic intersection between advanced energy/computing research and semiconductor development.
Topics: equity stakes government investment R&D funding
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Part of the story US Commerce Department to Award $389 Million in R&D Funding for Power Semiconductors and Critical Materials (2 articles)