India, Oct. 23 -- Department of Commerce, USA, has announced the signing of four letters of intent to provide up to $389 million in federal R&D awards under the CHIPS and Science Act.

These incentives will accelerate R&D supporting the semiconductors and materials needed for a variety of applications, including the control, conversion, and delivery of power. Power electronics is foundational to modernizing the domestic grid and powering critical energy infrastructure loads.

Improvements in power converter performance can drive significant benefits, including higher power efficiency, enhanced grid stability, and reduced thermal losses. By transforming passive, unidirectional electrical infrastructure into dynamic, controllable physical n...