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New Origin Secures Funding: Week in Brief: 01/24/25

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WASHINGTON, D.C., Jan. 24, 2025 — The U.S. Department of Commerce signed four separate nonbinding preliminary memoranda of terms under the CHIPS and Science Act to provide up to $105 million in proposed direct funding to Analog Devices, Inc., up to $79 million in proposed direct funding to Coherent, up to $10.3 million in proposed direct funding to Intelligent Epitaxy Technology, Inc., and up to $52.1 million in proposed direct funding to Sumika Semiconductor Materials Texas Inc. Coherent received a previous funding award under the CHIPS and Science Act in April of last year. ENSCHEDE, Netherlands — Photonic chip...Read full article

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    Published: January 2025
    Glossary
    quantum
    The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
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