Coherent Secures $15M in CHIPS Funding: Week in Brief: 4/12/24
PITTSBURGH, April 12, 2024 — Coherent Corp., a wide- and ultrawide-bandgap semiconductors company, has secured $15 million in funding from the CHIPS and Science Act to accelerate the commercialization of next-generation wide- and ultrawide-bandgap semiconductors, specifically, silicon carbide and single-crystal diamond, respectively. The funding will be distributed through the Commercial Leap Ahead for Wide-Bandgap Semiconductors Hub, which the company is a member of, led by North Carolina State