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Helion Secures $175 Million in Federal Grants for Advanced Semiconductor Development

TechCrunch ·

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GFS GlobalFoundries Inc
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  1. 1Helion received $175 million in federal government grants for the research, development, and manufacturing of advanced semiconductors and power electronics.
  2. 2Helion announced $50 million in new private investment, bringing its total funding to over $3.2 billion.
  3. 3The core objective is to reduce power loss rates from 5% to 10% flowing through devices.

So what's the key point?

Helion received $175 million from the government for semiconductor research and manufacturing. This provides the funds needed to develop technology that reduces power loss.

Source TechCrunch · View original ↗

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