Now we’ll begin to see how this initiative will play out: The Biden Administration has streamlined the application process for “projects to build, expand, or modernize commercial facilities for production,” making it a first for America. CHIPS officially launched the funding opportunity today.
“First” in first funding opportunity, keyword here: Initially, CHIPS for America, In particular, it seeks to fund projects aligned with the program’s “vision for success”, which aims to have a number of pioneering logic fabrication facilities and by the end of the decade DRAM chip manufacturers meet specific production capacity targets for “current generation and mature node” semiconductors. It plans to offer more funding opportunities for R&D and manufacturing equipment facilities.
America will challenge the world in chip production!
Applications for these programs will not begin until late Spring and Fall 2023, but CHIPS Program Office It is already open to expressions of interest from hopeful applicants.
The program also includes strict rules on how the funding will be used. CHIPS Candidates receiving the funding will be prohibited from using the payments for stock repurchases or paying dividends, and payments will be tied to meeting certain milestones. CHIPS It will take some time to announce the first recipients of funding, but promising projects will be able to start sending applications on March 31, 2023.