Commerce Department Decides on Distribution of Remaining CHIPS Act Funding
Thursday, 23 May 2024, 20:08
Allocation of Remaining CHIPS Act Funding
The Commerce Department is finalizing plans to distribute the last $6 billion from the CHIPS Act award money. This allocation is set to benefit semiconductor suppliers, legacy chipmakers, and other key players in the industry.
Supporting Semiconductor Supply Chain
- Legacy chipmakers and semiconductor suppliers to receive funding
- Focus on strengthening domestic semiconductor production
This decision is a significant step towards fortifying the US semiconductor supply chain, aiming to improve national security and reduce reliance on foreign suppliers.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.