Keeping up the pace with rapid awards under the CHIPS Act, the Biden-Haris administration announced a new award today which is aimed at increasing the resilience of U.S. semiconductor supply chains. The CHIPS Act is a $50 billion dollar funding package that covers all aspects of semiconductor development, from research to manufacturing. So far in 2024, the Commerce Department, which is authorized to make these awards, has opened doors to billions of dollars in funding to Intel, TSMC and other chip-making companies. The funding is part of an effort to ensure that advanced chip manufacturing technologies, such as those used […]
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