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- 1MIT spinout Vertical Semiconductor wins $73M CHIPS grant▼MIT spinout Vertical Semiconductor lands $73M CHIPS grant for AI power chips
Vertical Semiconductor, a spinout from MIT, has been awarded a $73 million grant under the US CHIPS program to develop power chips for artificial intelligence hardware. The funding supports US efforts to bolster domestic semiconductor manufacturing and supply advanced power components for energy-hungry AI data centers. The award highlights growing federal investment in startups working on specialized chips for the AI boom.