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Aeluma Inc. (NASDAQ: ALMU), a U.S. photonics semiconductor company, has signed a letter of intent (LOI) for up to $30 million in funding under the CHIPS and Science Act, aimed at advancing its scalable, non-InP semiconductor platform for photonics. This funding supports R&D efforts to overcome suppl

The U.S. government's announcement of over $2 billion in CHIPS Act funding marks a strategic shift from fundamental research to large-scale quantum manufacturing capabilities. This investment targets nine companies, including two foundries, signaling a long-term commitment to building a domestic qua