Vertical Semiconductor has been awarded $73 million in funding through the CHIPS Act, marking a significant development for its ongoing research and production of vGaN (Vertical Gallium Nitride) transistors. The funding is intended to bolster the company’s capabilities in developing these specialized semiconductor components.
As part of the agreement, the U.S. Department of Commerce will acquire a minority stake in Vertical Semiconductor. This investment underscores federal efforts to support domestic semiconductor innovation and manufacturing capacity through the CHIPS Act initiative.
Further details regarding the technical milestones or specific project timelines associated with this funding were not provided in the announcement.
Source: Data Center Dynamics
Original article: https://www.datacenterdynamics.com/en/news/vertical-semiconductor-awarded-73m-in-chips-act-funding-to-support-vgan-transistor-development/
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