GlobeNewswire·May 28, 2026, 7:00 AM ET

Aeluma Sees Accelerated Timeline for Quantum Commercialization

Aeluma, Inc. (NASDAQ: ALMU) commented on the U.S. Department of Commerce's announcement of over $2 billion in proposed CHIPS Act incentives to accelerate quantum computing development.
The funding represents a shift from exploratory R&D toward manufacturing infrastructure & commercial readiness for the quantum sector.
CEO Jonathan Klamkin stated that Aeluma supported one of the nine companies that executed a letter of intent with the U.S. Government for this funding.
Aeluma's involvement in any resulting projects is contingent on the execution of a subcontract agreement.
The company expressed encouragement regarding interest in its scalable heterogeneous integration platform for quantum applications.
Aeluma's large-diameter wafer platform combines high-performance compound semiconductors with scalable manufacturing on CMOS-compatible substrates.
Key technologies relevant to quantum applications include aluminum gallium arsenide nonlinear materials, quantum dot lasers, & high sensitivity photodetectors.
Aeluma recently secured new U.S. Government contracts for quantum materials & lasers.
The company has established partnerships with Tower Semiconductor & Sumitomo Chemical Advanced Technologies for wafer production & fabrication.
Aeluma operates state-of-the-art R&D & manufacturing capabilities in Goleta, California, serving sectors including mobile, AI, defense, aerospace, robotics, automotive, AR/VR, & quantum.