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Commerce Allocates $870 M Minority Stakes to Boost US Semis

7/31/2026

Summary

Story summary

The U.S. Department of Commerce announced $870 million in incentives for semiconductor manufacturing for minority equity stakes in seven firms.
The CHIPS office allocates $300 million to GlobalFoundries, $245 million to Kepler, $140 million to Multibeam Corp., and $189 million to Extropic, Thintronics, Obsidia Semiconductors and Aeluma Inc.
Secretary Howard Lutnick said the $874 million program will fund R&D on photonics, compute and AI-logic technologies while boosting capability, creating jobs and keeping America leading in semiconductors.

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Story summary

The U.S. Department of Commerce announced $870 million in incentives for semiconductor manufacturing for minority equity stakes in seven firms.
The CHIPS office allocates $300 million to GlobalFoundries, $245 million to Kepler, $140 million to Multibeam Corp., and $189 million to Extropic, Thintronics, Obsidia Semiconductors and Aeluma Inc.
Secretary Howard Lutnick said the $874 million program will fund R&D on photonics, compute and AI-logic technologies while boosting capability, creating jobs and keeping America leading in semiconductors.