US Commerce Department to provide up to $389 million in power semiconductor R&D funding to Helion, CFS and two other companies

The US Commerce Department announced on October 22 that it plans to provide a total of up to $389 million in power semiconductor and critical materials R&D funding to four companies: Helion, Commonwealth Fusion Systems (CFS), Vertical Semiconductor and Sibelco North America. The funding is part of the CHIPS and Science Act's multibillion-dollar R&D program.