U.S. Boosts Semiconductor Production: Akash Systems Secures $18.2 Million
Wednesday, Nov 13, 2024 5:11 am ET
1min read The U.S. Department of Commerce has awarded Akash Systems up to $18.2 million in funding under the CHIPS and Science Act, a strategic move to bolster domestic semiconductor production and enhance supply chain resilience. This investment is expected to create high-quality jobs and support workforce development in the U.S. semiconductor industry.
Akash Systems, a pioneering company focused on developing and supplying next-generation small satellites (CubeSats) and RF power amplifiers, will utilize the funding to advance its patented GaN-on-Diamond technology. This innovation enables smaller, lighter, and higher-performing satellites, paving the way for lower launch costs, reduced cost-per-bit, more launch cycles, and increased communications access and throughput.
The U.S. government's investment in Akash Systems aligns with its broader semiconductor industry strategy and national security goals. The CHIPS and Science Act, enacted in 2022, aims to strengthen U.S. semiconductor manufacturing and supply chains. Akash Systems' focus on gallium nitride (GaN)-on-Diamond technology for smaller, lighter, and higher-performing satellites supports this goal by enabling faster, affordable satellite communications. This investment also bolsters national security by reducing dependence on foreign chip suppliers and enhancing communication capabilities for military and civilian applications.
The funding for Akash Systems is part of a broader effort to revitalize the U.S. semiconductor industry and create jobs. According to a 2021 SIA-Oxford Economic study, for each U.S. worker directly employed by the semiconductor industry, an additional 5.7 jobs are supported in the wider U.S. economy. This means that the 56,000 new jobs announced in the semiconductor ecosystem, including Akash Systems, could support an estimated 318,200 jobs throughout the broader U.S. economy.
The U.S. government's award of up to $18.2 million to Akash Systems for semiconductor production is a strategic move to bolster domestic chip manufacturing and compete with global leaders like Taiwan and South Korea. This funding, part of the CHIPS and Science Act, supports Akash's mission to develop next-generation small satellites and components using GaN-on-Diamond technology. By investing in Akash, the U.S. gains a competitive edge in satellite communications, enabling smaller, lighter, and higher-performing satellites. This, in turn, reduces launch costs, increases launch cycles, and enhances communications access and throughput. Additionally, the funding creates high-quality jobs and supports the broader U.S. economy, as each semiconductor job supports an additional 5.7 jobs in the wider economy.
In conclusion, the U.S. government's investment in Akash Systems is a strategic move to strengthen domestic semiconductor production, create jobs, and enhance national security. By supporting the development of next-generation small satellites and components using GaN-on-Diamond technology, the U.S. is positioning itself to compete with global leaders and address the challenges of the 21st century.
Akash Systems, a pioneering company focused on developing and supplying next-generation small satellites (CubeSats) and RF power amplifiers, will utilize the funding to advance its patented GaN-on-Diamond technology. This innovation enables smaller, lighter, and higher-performing satellites, paving the way for lower launch costs, reduced cost-per-bit, more launch cycles, and increased communications access and throughput.
The U.S. government's investment in Akash Systems aligns with its broader semiconductor industry strategy and national security goals. The CHIPS and Science Act, enacted in 2022, aims to strengthen U.S. semiconductor manufacturing and supply chains. Akash Systems' focus on gallium nitride (GaN)-on-Diamond technology for smaller, lighter, and higher-performing satellites supports this goal by enabling faster, affordable satellite communications. This investment also bolsters national security by reducing dependence on foreign chip suppliers and enhancing communication capabilities for military and civilian applications.
The funding for Akash Systems is part of a broader effort to revitalize the U.S. semiconductor industry and create jobs. According to a 2021 SIA-Oxford Economic study, for each U.S. worker directly employed by the semiconductor industry, an additional 5.7 jobs are supported in the wider U.S. economy. This means that the 56,000 new jobs announced in the semiconductor ecosystem, including Akash Systems, could support an estimated 318,200 jobs throughout the broader U.S. economy.
The U.S. government's award of up to $18.2 million to Akash Systems for semiconductor production is a strategic move to bolster domestic chip manufacturing and compete with global leaders like Taiwan and South Korea. This funding, part of the CHIPS and Science Act, supports Akash's mission to develop next-generation small satellites and components using GaN-on-Diamond technology. By investing in Akash, the U.S. gains a competitive edge in satellite communications, enabling smaller, lighter, and higher-performing satellites. This, in turn, reduces launch costs, increases launch cycles, and enhances communications access and throughput. Additionally, the funding creates high-quality jobs and supports the broader U.S. economy, as each semiconductor job supports an additional 5.7 jobs in the wider economy.
In conclusion, the U.S. government's investment in Akash Systems is a strategic move to strengthen domestic semiconductor production, create jobs, and enhance national security. By supporting the development of next-generation small satellites and components using GaN-on-Diamond technology, the U.S. is positioning itself to compete with global leaders and address the challenges of the 21st century.
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