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US Commerce head hopes to make first chips funding awards this fall

October 5, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
U.S. Commerce Secretary Gina Raimondo said Wednesday she hopes to announce the first chips funding award announcements from the government's $39 billion semiconductor subsidy program this fall. "I am moving as fast as I can but it's more important to get it right than move fast," Raimondo said at a Senate Commerce Committee hearing answering questions about the program created by Congress in August 2022. "I hope we will have some chips funding announcements this fall." It is not clear how long from initial announcements it will take the Commerce Department to finalize funding agreements. The Department has received more...
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