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U.S. Chips Act Funds AI Tech Push | US News
The Department of Commerce just signed letters of intent with seven companies, unlocking up to $874 million in federal incentives under the CHIPS and Science Act to supercharge U.S. semiconductor innovation—especially for AI and advanced computing. Big bets include $300M for GlobalFoundries to fuse photonics with AI chips, $245M for Kepler’s next-gen memory tech, and major funding for Aeluma, Extropic, Thintronics, and OBSIDIA Semiconductors. These investments aim to shrink reliance on foreign supply chains while boosting domestic tech leadership. Government equity stakes could mean taxpayer…
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