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U.S. says there will be a funding opportunity for semiconductor projects worth less than $300 million


Wednesday, June 28, 2023

The US Department of Commerce says that in the autumn there will be a funding opportunity for semiconductor projects and commercial R&D projects worth less than $300 million.

Up to now the funding opportunities have been for more expensive projects.

The goals for smaller projects, set out in a vision paper from the DoC, include:

1. Strengthening supply chain resilience, including by reducing chokepoint risks flowing from the geographic concentration of critical semiconductor inputs;

2. Advancing US technology leadership, including by incentivising, major US manufacturing equipment and material suppliers to increase their footprints in the USA, including attracting non-US suppliers of the world’s most advanced equipment, materials, and subsystems to establish large-scale footprints in the US;

3. Supporting US fab clusters, including by ensuring that each CHIPS-funded cluster is supported by an ecosystem of reliable suppliers.

The DoC says it will prioritise “robust international engagement” and has engaged with: Korea, Japan, India, the UK, the Indo-Pacific, Economic Framework, the EU-US Trade and Technology Council, and the North America Leaders’ Summit.

By: DocMemory
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