Fusion startup Helion has secured a letter of intent from the U.S. Department of Commerce for up to $175 million in CHIPS Act funding to support advanced semiconductor research and manufacturing, the company announced. The three-year initiative, which Helion is matching with $50 million in private investment, will focus on high-voltage semiconductors for commercial fusion energy systems and domestic supply chain development.
organisation
U.S. Department of Commerce
US government department responsible for economic growth