Aeluma Secures LOI for Up to $30 Million in CHIPS Act Funding to Advance Photonics Semiconductor R&D - Quiver Quantitative

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 scalabl... Read original →

Aeluma’s CHIPS Act funding marks a strategic push by the U.S. to localize photonic semiconductor development, bypassing traditional InP substrates and aligning with TSMC’s 3nm EUV capabilities. This shift could redefine hardware for AI interconnects and network communications, offering critical support to NVIDIA and similar AI chipmakers. Policy-wise, milestone-linked funding increases operational rigor and compliance costs, while reinforcing supply chain resilience amid geopolitical tensions. Should Aeluma fail to meet targets, it risks financial instability. Over the next 12–24 months, photonic semiconductors are poised to become a key enabler in AI infrastructure, especially in data center interconnects and LiDAR applications. Early adoption and scalable production will be decisive for Aeluma’s market positioning.