US Government Allocates $389 Million for Semiconductor and Critical Material R&D

The U.S. Commerce Department is investing $389 million in R&D funds across four companies to advance power semiconductor devices and critical materials. This initiative aims to boost American semiconductor innovation, enhance domestic energy resources, and includes significant funding for high-voltage power semiconductors for fusion power and vertical gallium nitride for AI data centers. This strategic investment supports national technological leadership and energy independence.