U.S. Commerce Department Opens Applications for $39 billion in Semiconductor Chip Manufacturing Funding
The U.S. Commerce Department kicked off unprecedented federal spending on Tuesday with the opening of applications for $39 billion in funding for semiconductor chip manufacturing. These tiny components are essential for modern technology and vehicles.
The funding will go towards investment in the United States and cultivating domestic semiconductor chip manufacturing capabilities. This includes providing incentives for research and development, manufacturing, and production, among other areas.
This boosts the U.S. in the global semiconductor chip manufacturing industry, to ensure the future of emerging technologies and automotive needs. The U.S. Commerce Department has made it clear that this funding is vital for the nation’s technological advancement and economic prosperity.
Information and applications are available here.
https://www.lifetechnology.com/blogs/life-technology-technology-news/commerce-department-launches-applications-for-microchip-funding
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