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Coherent secures $15m in CHIPS Act funding via CLAWS Hub
What happened
Coherent Corp has secured $15 million in funding from the CHIPS Act via the DoD's CLAWS Hub initiative. This funding is part of a $2 billion DoD program aimed at strengthening the US semiconductor supply chain, particularly for defense applications. Watch: This signals increased government investment in domestic supply chain resilience, which could benefit Coherent's material and component production capacity over the long term.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
Semiconductor MaterialsLaser Components
Coherent Corp
CHIPS Actfundingsupply-chain
Source and time
Source: Semiconductor Today · 4/12/2024 · View original source
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