On February 28, 2023, the U.S. Department of Commerce issued the first Notice of Funding Opportunity under the CHIPS and Science Act, a 2022 law designed to increase the competitiveness of U.S. semiconductor manufacturing. With this new funding opportunity comes a large scale of direction and guidance from Commerce about the funding’s purpose, key priorities, application process, and timelines. This alert will briefly identify key guidance on these topics. CHIPS for America funding provides " manufacturing incentives to restore U.S. leadership in semiconductor manufacturing, support good-paying jobs across the semiconductor supply chain, and advance U.S. economic and national security ." This comprises $50 billion in investment and awards aimed at the U.S. semiconductor industry, "including $39 billion in semiconductor incentives." The first CHIPS funding opportunity is directed specifically at "projects to construct, expand, or modernize commercial facilities for the production of leading-edge, current-generation, and mature-node semiconductors. This includes both front-end wafer fabrication and back-end packaging." Incentives " will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans ." Funding requirements reveal a mix of economic and social policy priorities, such as increasing private capital and investment, discouraging funding recipients from using awards to buy […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
