The Department of Commerce has expanded the first CHIPS for America funding opportunity to accept applications for the construction, modernization and expansion of semiconductor supply chain projects with capital investments of $300 million or more.
Eligible large-scale supply chain projects may apply for funding to build or scale up their facilities to boost the production of leading-edge, current-generation, and mature-node semiconductors, the Commerce Department said Friday.
A separate funding opportunity is expected to be released in the fall for semiconductor materials and manufacturing equipment facilities with capital investments below $300 million.
The department also released a “Vision for Success” outlining three primary goals to boost investments in the semiconductor supply chain: strengthening supply chain resilience, advancing U.S. technology leadership and supporting vibrant U.S. fab clusters.
Commerce Secretary Gina Raimondo said President Biden’s Investing in America agenda has spurred billions in private sector investment to advance the semiconductor supply chain.
“We’re laying out our vision for how we’ll build on that progress by responsibly making investments to ensure resiliency and success for the clusters we will create,” she added.