One U.S.-based company is manufacturing semiconductor chips to help improve the military. Aeluma CEO Jonathan Klamkin told FOX Business' Stuart Varney "cutting edge technology" has attracted "high interest" from the government, resulting in a contract with the Navy. "Our chips are made 100% in America," Klamkin explained.
In addition, the technology is "very broadly applicable," he said, pointing to contracts with the offices of the Secretary of Defense and the Department of Energy. As the U.S. seeks to be the leader in semiconductor manufacturing, the Chips and Science Act, which passed in 2022, provided funds for the development of and production of semiconductor chips.
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