Aeluma CEO Jonathan Klamkin explains how his company’s semiconductor chip technology improves Varney & Co.’s military weapons.
A US-based company manufactures semiconductor chips aimed at strengthening military forces.
Aelma CEO Jonathan Crumkin told FOX Business’ Stuart Varney that the “cutting-edge technology” has garnered “high interest” from the government, resulting in the Navy contract. .
“Our chips are 100% made in America,” Krumkin explained. “We have a very unique facility in Santa Barbara, California, and we work with a number of U.S.-based foundries…The technology we develop is used by the U.S. government as well as some commercial This is of great interest to the department.”
Krumkin added that the “very core” of their intellectual property is something that “nobody in the world knows how to make.”
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While revealing how Aelma’s technology is helping to improve U.S. military platforms, Kramkin said that “the research we’re doing with the Navy” on aviation platforms will help improve how the chips perform in extreme environments. He said he would provide information on what to do.
He also said the technology has “very broad applicability,” pointing to contracts with the Secretary of Defense and the Department of Energy.
This illustrated photo taken on February 25, 2022 shows a semiconductor chip on a computer circuit board. (Reuters/Florence Lo/Illustration/Reuters Photo)
As the United States strives to become a leader in semiconductor manufacturing, chips and science, Passed in 2022, it provided funding for the development and production of semiconductor chips.
The CEO discussed how this law is impacting semiconductor companies and explained how most of the announcements regarding this law encourage large companies to manufacture in the United States.
“The United States only manufactures about 12% of the world’s advanced chips,” he said. “Significant funding from the Chip Act is encouraging major semiconductor companies to increase domestic manufacturing.”
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Mr. Krumkin explained how he views government funding for his company.
“We’re part of a pretty large effort in Southern California, where the funding flows through the Department of Defense and connects the defense and aerospace industries, along with a lot of small businesses and universities.”
“So after the big semiconductor companies took advantage of this, now those funds are starting to flow into smaller companies like us,” he added.
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