The U.S. government has earmarked more than $36 billion in funding under the CHIPS Act, the vast majority of which has gone to large incumbents like Intel, Micron, and Samsung.
Now a VC-backed startup is getting in on the action.
Driving the news: Akash Systems announced this morning that it has secured $18.2 million in non-dilutive grants, plus $50 million in combined federal and California state tax credits.
