News & Analysis as of

U.S. Commerce Department Federal Funding Semiconductors

Mintz - Antitrust Viewpoints

President Trump Signs Law with Over $1 Billion of AI Funding, and US Rescinds Chip Export Restrictions to China - AI: The...

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act, which allocates over $1 billion toward advancing the federal government’s use of AI. The funding package reinforces the administration’s...more

Kohrman Jackson & Krantz LLP

Intel Receives Largest U.S. Funding Grant to Date but Confirms Further Delay’s in New Albany Facility Operations

On March 20, 2024, Intel and the White House announced Intel will receive $8.5 billion in federal subsidies to support Intel’s semiconductor plants in the United States. This grant is the largest award announced under the...more

Morgan Lewis

US Department of Commerce Releases Second ‘CHIPS for America’ Funding Opportunity

Morgan Lewis on

The US Department of Commerce’s (Commerce’s) National Institute of Standards and Technology (NIST) released on June 23, 2023 the second Notice of Funding Opportunity (NOFO) for the “CHIPS for America” incentive program (CHIPS...more

Kelley Drye & Warren LLP

First Round of CHIPS Funding Announced

On April 3, 2023 the Office of Foreign Assets Control (“OFAC” or “the agency”) launched a new domain for its website at ofac.treasury.gov. This update aims to make it easier for users to navigate OFAC’s sanctions database,...more

Morgan Lewis

US Department of Commerce Details Proposed National Security Guardrails for CHIPS Incentives Program

Morgan Lewis on

The comment period has opened for the US Department of Commerce’s recently issued CHIPS for America incentive program notice of proposed rulemaking, which lays out funding requirements, incentives, and restrictions for...more

Venable LLP

CHIPS Act Rollout Continues as Commerce Department Proposes National Security "Guardrails" on Incentives Program and Flexes...

Venable LLP on

In its continuing efforts to strengthen the United States' hand in its ongoing international economic bout with China, the Biden Administration's Department of Commerce last week issued a Notice of Proposed Rulemaking (NPRM)...more

Morgan Lewis

First 'CHIPS for America' Funding Opportunity Provides $39B for Domestic and International Semiconductor Manufacturers

Morgan Lewis on

The US Department of Commerce has begun implementing the CHIPS and Sciences Act by introducing the first Notice of Funding Opportunity of its “CHIPS for America” incentive programs, which aim to support the construction,...more

Goodwin

What Semiconductor Companies Need to Know: CHIPS Act and Eligibility Requirements

Goodwin on

The CHIPS Act, or Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, is a signature piece of legislation that was signed into law in the United States in August 2022 to provide funding in support of the...more

Bass, Berry & Sims PLC

First CHIPS Opportunity Lays Out Requirements and Application Process 

Bass, Berry & Sims PLC on

On August 9, 2022, the CHIPS and Science Act was signed into law allocating $52.7 billion in funding to the semiconductor industry. The legislation represents a historic investment in a critical industry and is designed to...more

Bond Schoeneck & King PLLC

U.S. Department of Commerce Issues First Notice of Funding Opportunity for Commercial Fabrication Facilities Under the CHIPS Act

On Feb. 28, 2023, the U.S. Department of Commerce (DOC) issued the first Notice of Funding Opportunity (NOFO) for commercial fabrication facilities, which provides the first look at the requirements for semiconductor...more

King & Spalding

U.S. Commerce Department Launches First CHIPS for America Funding Opportunity

King & Spalding on

Applications For Leading Edge Commercial Fabrication Facilities And For Current-Generation Facilities Accepted Beginning March 31, 2023 And June 26, 2023, Respectively - On August 9, 2022, President Joseph R. Biden signed...more

Faegre Drinker Biddle & Reath LLP

CHIPS Act Funding: An Opportunity with Strings

The CHIPS and Science Act, passed into law in mid-2022 by the Biden administration, represents a wholesale change in U.S. industrial policy from the prior administration. The law seeks to reinvigorate domestic research and...more

Venable LLP

U.S. Department of Commerce Issues First Notice of Funding Opportunity for CHIPS and Science Act

Venable LLP on

On February 28, 2023, the U.S. Department of Commerce issued the first Notice of Funding Opportunity under the CHIPS and Science Act, a 2022 law designed to increase the competitiveness of U.S. semiconductor manufacturing....more

Wiley Rein LLP

Commerce Department Announces First Wave of $39 Billion CHIPS Act Funding Opportunities and Deadlines

Wiley Rein LLP on

On February 28, 2023, the Department of Commerce (DOC) announced the first round of manufacturing incentives related to the CHIPS and Science Act. Passed by Congress in August 2022, the CHIPS Act provides $39 billion in...more

Wilson Sonsini Goodrich & Rosati

CHIPS Act Funding Kicks Off: First Tranche of Funding Announced

On February 28, 2023, the National Institute of Standards and Technology’s (NIST’s) CHIPS Program Office published the first Funding Opportunity Announcement (FOA) under the CHIPS and Science Act. This initial FOA is directed...more

Jackson Lewis P.C.

Where the Semiconductor Chips Will Fall: What Manufacturers Need to Know About the CHIPS Act

Jackson Lewis P.C. on

New law to tackle the shortage of semiconductor chips will direct $280 billion to research and production of semiconductors in the United States. While the dramatic increase in federal grants, loans, and other programs under...more

Akin Gump Strauss Hauer & Feld LLP

CHIPS Act Strategy: Department of Commerce Releases Additional Information on Applications for $50 Billion in Funding

On September 6, 2022, the U.S. Department of Commerce (“Department”) released a 20-page document providing key details on the administration and application process for the award of $50 Billion through the Creating Helpful...more

Perkins Coie

CHIPS Act Allocates $52 Billion in Subsidies to Revitalize Semiconductor Manufacturing

Perkins Coie on

There was a global semiconductor shortage throughout the COVID-19 pandemic that severely disrupted supply chains across many industries, highlighting, more than ever, that semiconductors are an essential component to...more

Eversheds Sutherland (US) LLP

All In: CHIPS Act provides incentives for semiconductor investment

​​​​​​​In a show of bipartisanship, Congress passed the Creating Helpful Incentives to Produce Semiconductors Act (CHIPS Act) on July 27, 2022, which was signed into law by President Biden on August 9, 2022. The CHIPS Act...more

Dorsey & Whitney LLP

USICA Passage Suggests Significant Funding Opportunities Across Range of Industries

Dorsey & Whitney LLP on

The United States Innovation and Competition Act (“USICA”) passed the Senate on June 8, 2021. The bill, a rare bipartisan effort, would pour funding into research, design, and manufacturing initiatives in key technological...more

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