Akash allocated US CHIPS Act funding for diamond cooling technology Akash Systems of Oakland, CA, USA has signed a non-binding preliminary memorandum of terms with the US Department of Commerce under the CHIPS and Science Act to receive over $68m in direct funding. This includes $18.2m in proposed direct funding and $50m in combined federal and California state tax credits. This proposed funding would provide Akash, a pioneer of diamond cooling semiconductor technologies, significant support for its operational ramp-up in AI, data centers, space and defense markets...
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