US Provides $389 Million in Semiconductor Financing to Four Companies

The US administration announced that it will provide up to $389 million in total funding support to four companies operating in the semiconductors and critical materials sector. It was reported that in return for the support, the federal government will acquire non-controlling, non-voting minority stakes in these companies.

According to the statement made by the US Department of Commerce, preliminary letters of intent have been signed to provide funding to Helion, Commonwealth Fusion Systems, Vertical Semiconductor, and Sibelco under the CHIPS and Science Act. This support aims for the companies to conduct R&D activities for power semiconductor devices, modules, and materials that are of critical importance to the semiconductor supply chain.

According to project details, up to $175 million will be provided to Helion for the development of high-voltage power semiconductors and advanced energy power modules, and up to $85 million to Commonwealth Fusion Systems for plasma heating, power electronics, and radiation-resistant electronics. It was stated that up to $73 million will be funded to Vertical Semiconductor for semiconductors that improve power delivery, and up to $56 million to Sibelco for ultra-high-purity quartz production technologies.

US Secretary of Commerce Howard Lutnick stated that President Donald Trump's administration is accelerating innovative work in the semiconductor sector, and that the investments expand domestic research, secure critical supply chains, and create high-paying American jobs.