Industry

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The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

chips act cooling data center chipmakers

Next-gen synthetic diamond cooling tech for chips could secure CHIPS Act backing

Claims of 10-20°C GPU temp drops and 40% less energy use
What just happened? Akash Systems, an Oakland-based startup, has landed a preliminary deal with the US government for major funding under the CHIPS Act. The company, which is developing diamond-based cooling technology for semiconductors, has signed a non-binding memorandum with the Department of Commerce. If finalized, it would net Akash $18.2 million in direct funds and $50 million in federal and state tax credits.
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