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US DOE announces $42m in funding for first 15 projects in ULTRAFAST program
What happened
The US Department of Energy announced $42 million in funding for 15 projects under its ULTRAFAST program, aimed at developing next-generation semiconductor technologies for grid reliability. This is a long-term R&D initiative focused on power electronics and does not involve commercial production or immediate supply chain changes. Neutral: This is a foundational research program with no direct or near-term impact on semiconductor trading, pricing, or supply.
Impact and signal
Low impactImpact score: 10/100
Affected components and suppliers
Power SemiconductorsWide-Bandgap Semiconductors
R&Dgovernment-fundingpower-grid
Source and time
Source: Semiconductor Today · 11/23/2023 · View original source
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