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U.S. Department of War·

Department of War's Office of Strategic Capital Signs $75 Million Conditional Loan Commitment With Halo Industries, Inc.

  • The Department of War's Office of Strategic Capital announced a $75 million conditional loan commitment to Halo Industries, Inc.
  • This financing crowds in an additional $75 million in private capital to scale domestic production of Silicon Carbide semiconductor wafers.
  • Halo utilizes proprietary laser manufacturing technology to slice SiC ingots, reducing waste & improving throughput tenfold compared to legacy mechanical processes.
  • The investment supports onshoring production at Halo's Santa Clara, California facility for high-voltage defense applications including radar, electronic warfare, hypersonics, & directed energy weapons.
  • The initiative aims to counter foreign price dumping, achieve cost-parity with subsidized overseas competitors, & reduce reliance on foreign semiconductor supply chains.
  • Additional steps must be completed by Halo before financial close, including satisfying financial, legal, technical, & due diligence requirements.
  • Officials state the funding strengthens the domestic supply chain for critical technologies underpinning national security, AI infrastructure, & high-voltage power electronics.