Aeluma, Inc. announced on July 29, 2026, that it signed a Letter of Intent with the U.S. Department of Commerce for up to $30 million in proposed funding under the CHIPS and Science Act. The award supports research and development of Aeluma’s scalable, non-indium phosphide semiconductor manufacturing platform for photonics, aiming to address supply chain constraints for AI datacom applications. The funding is subject to due diligence, government approvals, and execution of definitive documents, with a portion funded upfront and the remainder tied to milestones. Additionally, executing final award documents would require Aeluma to issue equity securities to the U.S. Department of Commerce valued at the award amount. Aeluma operates in the semiconductor industry, specializing in high-performance photonic and electronic technologies for AI, defense, and mobile applications.