Business UpdateMay 28, 2026, 07:02 AM
Aeluma comments on $2B CHIPS Act quantum computing incentives
AI Summary
Aeluma, Inc. commented on the U.S. Department of Commerce's announcement of over $2 billion in proposed CHIPS Act incentives to accelerate quantum computing development. The company supported one of the nine companies that executed a letter of intent with the U.S. Government, indicating potential involvement contingent on a subcontract agreement. This investment marks a shift towards manufacturing infrastructure and commercial readiness in quantum, aligning with Aeluma's scalable heterogenous integration platform and recent government contracts and partnerships.
Key Highlights
- U.S. Department of Commerce announced over $2 billion in CHIPS Act quantum incentives.
- Aeluma supported a company that executed a letter of intent for CHIPS Act funding.
- Aeluma's involvement is contingent on a subcontract agreement for quantum applications.
- CHIPS incentives focus on domestic manufacturing and engineering problems in quantum.
- Aeluma's platform combines high-performance compound semiconductors with scalable manufacturing.
- Company recently secured new U.S. Government contracts for quantum materials and lasers.
- Aeluma partnered with Tower Semiconductor and Sumitomo Chemical for wafer production.
Price Impact
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