The CHIPS Program Office Vision for Success: Two Years Later More than two years ago, the Biden-Harris Administration and a bipartisan coalition in Congress passed the CHIPS and Science Act (CHIPS) to further a singular ambition: advancing U.S. economic and national security by revitalizing the domestic semiconductor industry. The CHIPS Program Office (CPO) was established shortly after to ...
The Department of Commerce’s CHIPS Program Office announced the signing of a non-binding letter of intent to provide up to $277 million in direct funding and up to $1.3 billion in a senior secured loan to USA Rare Earth (USAR) under the CHIPS and Science Act.
The Department of Commerce’s CHIPS Program Announces a Letter of Intent ...
The CHIPS Act provided $52.7 billion to revitalize the domestic semiconductor industry. Of that sum, the CHIPS Program Office within the U.S. Department of Commerce is responsible for administering $39 billion in semiconductor incentives. The CHIPS Act sets forth multiple dimensions of this overriding objective: Strengthening the security and resilience of the semiconductor supply chain ...
CHIPS for America encompasses two offices responsible for implementing the law: The CHIPS Research and Development Office is investing $11 billion into developing a robust domestic R&D ecosystem, while the CHIPS Program Office is dedicating $39 billion to provide incentives for investment in facilities and equipment in the United States.
The CHIPS for America investment in SK Hynix of up to $458 million in direct funding under the CHIPS and Science Act to establish a high-bandwidth memory (HBM) advanced packaging fabrication and research and development (R&D) facility.
The CHIPS for America award will provide the company with up to $6.6 billion in total direct funding under the CHIPS and Science Act to support the company’s planned investment of more than $65 billion in three greenfield leading-edge fabs in Phoenix, Arizona.