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 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 ...
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 ...
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 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.