Satellite startup Akash Systems to receive $18.2M in CHIPS funding

Nov 13, 2024 · Dive Brief: The Biden-Harris administration offered Akash Systems up to $18.2 million in proposed CHIPS and Science Act direct funding, the National Institute of Standards …

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Satellite Startup Akash Systems To Receive $18.2M In CHIPS Funding

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Nov 13, 2024 · Dive Brief: The Biden-Harris administration offered Akash Systems up to $18.2 million in proposed CHIPS and Science Act direct funding, the National Institute of Standards …

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US To Award Akash Systems Up To $18.2 Mln For Chips Production

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Nov 13, 2024 · The U.S. Commerce Department said Wednesday it has agreed to provide up to $18.2 million in government subsidy funding to Akash Systems to support the construction of a …

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Akash Under Consideration For The Transformative CHIPS

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Akash Systems has signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce under the CHIPS and Science Act to receive over $68 million in …

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Startup Gets CHIPS Act Funding For Diamond-cooled Servers - MSN

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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.

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US To Award Akash Systems Up To $18.2 Million For Chips Production

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Nov 13, 2024 · By David Shepardson The U.S. Commerce Department said Wednesday it has agreed to provide up to $18.2 million in government subsidy funding to Akash Systems to …

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Akash Systems Signs Non-Binding Preliminary Agreement For $68 …

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Nov 13, 2024 · Proposed funding would bolster U.S. semiconductor capabilities in AI and space communications with Akash’s Diamond Cooling technology. Oakland, CA – November 13, …

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Oakland Startup Akash Systems Lands Millions In CHIPS Act Funding

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Nov 13, 2024 · Akash Systems and the U.S. Department of Commerce announced on Wednesday that the Oakland startup was awarded up to $18.2 million in grant funding and $50 …

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Akash Systems Signs Preliminary Agreement For $68 Million In …

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Akash Systems has signed a preliminary memorandum of terms with the U.S. Department of Commerce under the CHIPS and Science Act to receive over $68 million in direct funding. …

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Diamond-cooled GPUs Are Coming Soon — Startup Claims 20C …

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Nov 14, 2024 · Akash Systems has signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce for $18.2 million in direct funding and $50 million in federal …

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Akash Systems Secures $18 Million For Semiconductor Plant

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Nov 14, 2024 · The US Commerce Department has pledged up to $18.2 million in funding to California-based Akash Systems to build a 40,000-square-foot cleanroom facility dedicated to …

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Akash Systems Signs Preliminary Agreement For $68 M In CHIPS …

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Nov 14, 2024 · Akash Systems has signed a preliminary memorandum of terms with the U.S. Department of Commerce under the CHIPS and Science Act to receive over $68 million in …

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US To Award Akash Systems Up To $18.2 Million For Chips Production

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Nov 13, 2024 · By David Shepardson (Reuters) - The U.S. Commerce Department said Wednesday it has agreed to provide up to $18.2 million in government subsidy funding to …

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Akash Systems Selected As A Technology Pioneer By World …

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Nov 13, 2024 · Akash Systems has signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce under the CHIPS and Science Act to receive over $68 …

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FAQs about Satellite startup Akash Systems to receive $18.2M in CHIPS funding Coupon?

How much money did Akash systems get?

Akash Systems and the U.S. Department of Commerce announced on Wednesday that the Oakland startup was awarded up to $18.2 million in grant funding and $50 million in federal and state tax credits. The federal government approved the incentives to support a planned 40,000-square-foot semiconductor manufacturing facility in West Oakland. ...

Who is Akash systems?

Oakland semiconductor startup Akash Systems was approved for more than $68 million in grants and tax credits through the CHIPS Act. The incentives aren't finalized but here's what we know about the company and its plans. ...

Is Akash systems a VC-backed startup?

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. ...

Will government subsidy funding help Akash systems build a cleanroom?

Nov 13 (Reuters) - The U.S. Commerce Department said Wednesday it has agreed to provide up to $18.2 million in government subsidy funding to Akash Systems to support the construction of a 40,000-square-foot cleanroom space for advanced semiconductor manufacturing. ...

Are Akash's funding and tax credits binding?

Akash's funding and tax credits through the CHIPS Act aren't binding yet, though. The Biden administration is trying to finalize as many CHIPS Act awards as possible before the end of the year, and before the Trump administration takes over in January, Bloomberg News reported last week. ...

Why is Akash systems a leader in next-generation semiconductor technology?

"As a U.S. company developing next-generation semiconductor technology, this validates our vision and strategy, helping us to deliver cutting-edge solutions that address thermal challenges in today's high-performance computing and communication systems," Akash Systems CEO Felix Ejeckam said in a statement. ...