DoC USA announces LoI with four companies for $389 million of R&D awards to strengthen America’s energy semiconductor supply chain

Department of Commerce, USA, has announced the signing of four letters of intent to provide up to $389 million in federal R&D awards under the CHIPS and Science Act. These incentives will accelerate R&D supporting the semiconductors and materials needed for a variety of applications, including the control, conversion, and delivery of power. Power electronics is foundational to modernizing the domestic grid and powering critical energy infrastructure loads.