# Vertical Semiconductor Signs Letter of Intent with U.S. Department of Commerce for $73 Million in CHIPS Funding to Accelerate R&D of Vertical GaN Power Transistors

- Source: Business Wire
- Published: 2026-10-22T13:01:00+00:00
- Category: Business
- Original: http://www.businesswire.com/news/home/20261021746737/en/Vertical-Semiconductor-Signs-Letter-of-Intent-with-U.S.-Department-of-Commerce-for-73-Million-in-CHIPS-Funding-to-Accelerate-RD-of-Vertical-GaN-Power-Transistors/?feedref=JjAwJuNHiystnCoBq_hl-WsGkFyUNMTSNrPsg57HLEqqcp-o_pnudlUwsb5apQ1S4gUE65BTfjH3-pSuqdv0gW3cb3F4oTIgUqCPafFkgu5AneicJQDNboWvodvG82E0
- Canonical: https://groundlevelnews.com/story/vertical-semiconductor-signs-letter-of-intent-with-u-s-department-of-c-357c63/

BOSTON--(BUSINESS WIRE)--Vertical Semiconductor signed an LOI for up to $73 million with the U.S. Department of Commerce to accelerate R&D of vertical GaN power transistors.

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