Signed by President Joe Biden in August, the CHIPS and Science Act sets aside over $50 billion to boost U.S. semiconductor manufacturing, R&D and workforce development.
Now, the Commerce Department is working to deploy that money. Earlier this month, the department released an expected timeline on funding opportunities and application processes.
In addition to the applications set to open next week, later this spring the Commerce Department will announce funding focusing on material suppliers and equipment manufacturers. In early fall, the agency will announce a funding opportunity to support the construction of semiconductor R&D facilities.
