Jan. 17, 2025 – The U.S. Department of Commerce announced it finalized three separate awards under the CHIPS Incentives Program's Funding Opportunity for Commercial Fabrication Facilities. The Department awarded Corning up to $32 million in direct funding, it awarded Edwards Vacuum up to $18 million in direct funding, and it awarded Infinera up to $93 million in direct funding.
www.hpcwire.com, Jan. 17, 2025 –
The awards come after the previously signed preliminary memoranda of terms, announced on November 8, 2024, October 10, 2024, and October 17, 2024, respectively, and the completion of the Department's due diligence. The Department will disburse the funds based on the companies' completion of project milestones.
"The bipartisan CHIPS and Science Act is a turning point for American innovation and manufacturing that is strengthening our economic and national security," said U.S. Secretary of Commerce Gina Raimondo. "The semiconductors that will be manufactured in the United States are foundational to our technological and economic leadership of the 21st century."
The awards announced today would support the following projects: