> #AkashSystems, an #Oakland-based #startup, has landed a preliminary deal with the US government for major funding under the #CHIPSAct. The company, which is developing diamond-based cooling #technology for #semiconductors, has signed a non-binding memorandum with the Department of Commerce. If finalized, it would net #Akash $18.2 million in direct funds and $50 million in federal and state tax credits.

https://www.techspot.com/news/105585-next-gen-synthetic-diamond-cooling-tech-chips-could.html

#chips #manufacturing #us

Next-gen synthetic diamond cooling tech for chips could secure CHIPS Act backing

This is just an initial agreement and not a done deal, but it marks an important first step. According to Akash, the money would go toward ramping...

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