Branchburg, NJ, November 5, 2025 — Magneton Inc. was one of 10 small businesses and startups awarded funding through the Northeast Microelectronics Coalition (NEMC) 2025 Powering Regional Opportunities for Prototyping Microelectronics (PROPEL) program to aid in commercializing their advanced infrared SPADs. This investment accelerates Magneton’s ability to innovate, prototype and scale cutting-edge semiconductor technologies while helping to strengthen domestic supply chains and drive U.S. leadership in microelectronics.
Learn more about the announcement: https://nemicroelectronics.org/news/northeast-microelectronics-coalition-awards-137-million-10-semiconductor-companies