PartnershipJul 30, 2026, 06:08 AM
Aeluma Signs CHIPS Act LOI for up to $30M for AI R&D
AI Summary
Aeluma, Inc. announced it has signed a Letter of Intent (LOI) with the U.S. Department of Commerce for up to $30 million in proposed funding under the CHIPS and Science Act. This funding will support Research & Development of Aeluma’s scalable, non-InP semiconductor manufacturing platform for photonics, a critical technology for AI and advanced computing. The initiative aims to strengthen U.S. technology leadership, address supply chain constraints, and accelerate the commercialization of Aeluma's high-performance semiconductors.
Key Highlights
- Signed Letter of Intent (LOI) with U.S. Department of Commerce for up to $30 million in CHIPS Act funding.
- Funding will support Research & Development of Aeluma’s scalable, non-InP semiconductor manufacturing platform for photonics.
- Aims to accelerate U.S. leadership in AI and advanced computing and address supply chain constraints.
- Supports domestic production for next-generation AI interconnects, network communications, and sensing.
- The award is subject to further due diligence, required approvals, and execution of definitive award documents.
- A portion of the award is contemplated to be funded upfront, with the remainder milestone-based.
- Aeluma would issue equity securities to the U.S. Department of Commerce with an aggregate value equal to the award amount.
Price Impact
More from ALMU