Tag: Gina Raimondo
Intel and administration announce up to $8.5 billion under CHIPS, Science Act
March 21, 2024SSN Staff
SANTA CLARA, Calif., & WASHINGTON, D.C. – The Biden-Harris Administration announced that Intel and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms (PMT) for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act.
CHIPS Act funding aims to increase U.S. semiconductor manufacturing and research and development capabilities, especially in leading-edge semiconductors. The proposed funding would...
Commerce Dept. launches CHIPS.gov as CHIPS and Science Act signed
August 25, 2022Ken Showers, Managing Editor
WASHINGTON, D.C. – The U.S. Department of Commerce has launched the CHIPS.gov website in order to assist implementation of the recently signed CHIPS and Science Act of 2022.
Signed on August 25, the CHIPS and Science Act seeks to address lowering the costs of goods and creating high paying manufacturing industry jobs. Foremost among them the Semiconductor industry where the government hopes to shore up supply chain weaknesses made evident by the onset of the pandemic in 2020 and tremulous...