WASHINGTON—Today, the U.S. Department of Commerce announced a funding opportunity for smaller supply chain projects and businesses to access CHIPS for America funds. As part of President Biden’s Investing in America agenda, the bipartisan CHIPS and Science Act includes incentives to strengthen supply chains, support smaller projects and businesses, and create good-paying jobs in local communities across the country.
The new funding opportunity is open to projects with capital investment below $300 million involving the construction, expansion, or modernization of commercial facilities in the United States for semiconductor materials and manufacturing equipment. These projects will produce the equipment, chemicals, gases, and other materials that are critical to manufacturing semiconductors in America. Suppliers are also strongly encouraged to apply for CHIPS incentives alongside other institutions from their regions to expand economic opportunity and competitiveness. Supply chain investments can help regions increase economic resilience, create new pathways to good jobs, and bring emerging technology innovation home to their communities. The funding opportunity builds upon the Department’s announcement in June to expand funding to larger supply chain projects, and the Biden-Harris Administration’s strategic vision to strengthen the semiconductor supply chain through CHIPS for America investments.
The investments made as part of this new funding opportunity will support three strategic objectives as outlined in our “Vision for Success”: (1) strengthen supply chain resilience, (2) advance U.S. technology leadership; and (3) support vibrant U.S. fab clusters with a reliable ecosystem of suppliers.
“The CHIPS and Science Act, a key piece of President Biden’s Investing in America agenda, provides our country the opportunity to strengthen domestic supply chains, create good jobs, protect our national security, and support long-term U.S. economic growth,” said Secretary of Commerce Gina Raimondo. ..
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