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Commerce Department urged to increase transparency for CHIPS Act contracts
Oct 16, 2024•over 1 year ago
Contract Type
contract
San FranciscoFinancial ServicesSoftwareMobileSales And Marketing
Description
A group of senators has urged the Commerce Department to enhance transparency in the terms of agreements made under the CHIPS and Science Act. They emphasized the need for the U.S. semiconductor industry to be safe and sustainable, creating high-quality jobs and reducing reliance on foreign supply chains.
Company Information
Company
Commerce
Location
San Francisco, California, United States
About
The U.S. Department of Commerce has signed a non-binding Preliminary Memorandum of Terms (PMT) for up to $75 million in proposed direct funding to Entegris under the CHIPS and Science Act. This funding aims to support the development of a state-of-the-art facility in Colorado Springs designed to create products critical to the future of semiconductor manufacturing in the U.S.
San FranciscoFinancial ServicesSoftwareMobileSales And Marketing