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moves money Electronics For You BUSINESS October 23, 2026

US Allocates $389M in R&D Grants for Power Semiconductors

US Allocates $389M in R&D Grants for Power Semiconductors
AI Summary

Federal funding targets four technology firms to advance next-generation semiconductor materials and fusion power applications. The US Commerce Department has announced plans to award $389 million in research and development grants to four technology companies focused on power semiconductor devices and critical raw materials. The department has signed non-binding letters of intent for the awards, […]

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