The US Department of Commerce plans to allocate $389 million to support the research and development of power semiconductors and critical materials According to a report by Golden Finance on October 22, Reuters reported that the US Department of Commerce plans to provide up to $389 million in research and development funding to four companies, sourced from the $10 billion semiconductor fund approved by Congress in 2022. The US government will acquire a minority stake without control or voting rights. Helion received the highest amount of 175 million US dollars for the development of high-voltage power semiconductors for nuclear fusion power generation; Commonwealth Fusion Systems received a maximum of $85 million to develop semiconductor devices related to nuclear fusion; Vertical Semiconductor received a maximum of $73 million to promote the use of vertical gallium nitride power semiconductors in AI data centers; Sibelco received a maximum of 56 million US dollars to develop semiconductor ultra-high purity quartz purification technology. The Minister of Commerce stated that the subsidy aims to accelerate local semiconductor innovation and strengthen the domestic energy and power supply chain.