CHIPS Act funding will create more jobs in Durham after MACOM …

Days before the Biden administration's term ends, the U.S. Commerce Department approved a $70 million CHIPS and Science Act grant that will again benefit the Triangle region. Why it …

$70
OFF

CHIPS Act Funding Will Create More Jobs In Durham After MACOM …

2 weeks from now

Days before the Biden administration's term ends, the U.S. Commerce Department approved a $70 million CHIPS and Science Act grant that will again benefit the Triangle region. Why it …

msn.com

25%
OFF

Semiconductor Firm To Grow Triangle Operations With New CHIPS …

2 weeks from now

1 day ago · MACOM also expects to take advantage of a 25% investment tax credit, created under the CHIPS Act, to fund its expansion. The company’s new project comes 18 months …

pressreader.com

$285
OFF

Department Of Commerce Awards $285m In CHIPS Act Funding To …

2 weeks from now

Jan 6, 2025 · The Department of Commerce has approved a $285 million funding award for the new Semiconductor Manufacturing and Advanced Research with Twins USA (SMART USA) …

datacenterdynamics.com

$285
OFF

CHIPS For America Announces New Proposed $285 Million Award For CHIPS ...

2 weeks from now

Nov 19, 2024 · With combined funding totaling $1 billion, this investment will support the launch of the first-of-its-kind CHIPS Manufacturing USA institute. The new institute, known as SMART USA (Semiconductor Manufacturing and Advanced Research with Twins USA) will focus on efforts to develop, validate, and use digital twins to improve domestic ...

nist.gov

$750
OFF

NC Chipmaker Wolfspeed Lands Federal CHIPS Act Grant To …

2 weeks from now

Oct 15, 2024 · The Durham semiconductor company could receive up to $750 million in federal funding as it seeks to strengthen its balance sheet while starting a projected 1,800-worker plant in Chatham County.

aol.com

$70
OFF

MACOM Signs Preliminary Memorandum Of Terms For Up To $70 …

2 weeks from now

2 days ago · The project would create up to 350 manufacturing jobs and up to an additional 60 construction jobs across both states. “I’m proud to help secure this historic federal investment …

house.gov

$1
OFF

CHIPS Act Roundup: US To Triple Chipmaking Capacity By 2032

2 weeks from now

Nov 21, 2024 · The DoC also has finalized up to $1.5 billion in direct funding for GlobalFoundries through the CHIPS Act. The award comes after it originally made an agreement with GF back in February. The funding will be used to help GF support its investment in new fabs and expansion of fabs at its manufacturing sites in New York and Vermont.

globalspec.com

$8
OFF

The CHIPS Act Money: A Timeline Of Grants To Chipmakers

2 weeks from now

September 2024. Intel is set to receive $8.5 billion CHIPS Act funding.The deal, which has been in negotiation for months, would represent the largest subsidy package awarded to date under …

computerworld.com

$70
OFF

$70m CHIPS Support For Macom Fabs? - News

2 weeks from now

1 day ago · The US Department of Commerce has signed a preliminary memorandum of terms with Macom Technology to provide up to $70 million in proposed direct funding under the …

compoundsemiconductor.net

$70
OFF

Macom Awarded $70M In CHIPS Funding - Yahoo Finance

2 weeks from now

1 day ago · The Department of Commerce will provide up to $70 million to chipmaker Macom under the CHIPS and Science Act to expand its facilities in Lowell, Massachusetts, and …

yahoo.com

$70
OFF

MACOM Wins $70m In CHIPS Funding To Expand Telco …

2 weeks from now

2 days ago · MACOM will use the CHIPS Act funding to modernise its plants in Lowell, Massachusetts, and Durham, North Carolina, enabling it to expand production of …

capacitymedia.com

FAQs about CHIPS Act funding will create more jobs in Durham after MACOM … Coupon?

Will a $70 million chips and Science Act grant help Durham & Lowell?

Days before the Biden administration 's term ends, the U.S. Commerce Department approved a $70 million CHIPS and Science Act grant that will again benefit the Triangle region. Driving the news: The U.S. Commerce Department said the investment would create 350 jobs across Durham and Lowell. ...

Does MACOM have a 'chips Act'?

Macom also plans to claim the Department of Treasury’s Advanced Manufacturing Investment Credit, worth up to 25 percent of qualified capital expenditures. The CHIPS Act has awarded more than $33 billion of the more than $46 billion in proposed incentives funding allocated to date. ...

Which companies are in line for chips Act funding?

Another company with Triangle operations is in line for millions in CHIPS Act funding. This time it’s semiconductor firm MACOM Technology Solutions (Nasdaq: MTSI), which has reached a “non-binding” agreement with the U.S. Department of Commerce that would provide the Massachusetts-based company up to $70 million in proposed direct funding. ...

How does the chips Act help the semiconductor industry?

The federal CHIPS Act provides billions in funding to support U.S. production of semiconductors. More taxpayer dollars are set to go toward jobs in the Triangle to boost semiconductor production. Another company with Triangle operations is in line for millions in CHIPS Act funding. ...

Why does the Macom grant matter?

Why it matters: The grant will go to the Massachusetts-based semiconductor firm MACOM, which plans to expand its facility in Durham and hire across its locations here and in Lowell, Mass. Driving the news: The U.S. Commerce Department said the investment would create 350... ...

Will there be a third chips Act?

There may also be a third CHIPS Act after that, Morales said. The current CHIPS Act was passed by Congress and signed into law by US President Joseph R. Biden Jr. on Aug. 9, 2022. Since December 2023, the Commerce Department has allocated about $32 billion in funding among chipmakers, including Samsung, TSMC and Intel. ...