🟢 Aeluma is trading 10.2% up today on a $30M CHIPS Act funding commitment

Aeluma is trading 10.2% up at $15.64 after announcing a potential $30 million CHIPS Act funding commitment from the U.S. Department of Commerce.

• The proposed investment is set to support the company's AI photonics R&D and its specialized non-Indium Phosphide semiconductor manufacturing platform.
• The stock is showing significant relative strength against a sharply lower semiconductor sector, which is facing headwinds from weak SK Hynix earnings and intensified competition in China.