Department of Commerce Announces $389 Million in R&D Awards to Strengthen U.S. Energy Semiconductor Supply Chain

The U.S. Department of Commerce announced letters of intent to provide up to $389 million in federal research and development awards under the CHIPS and Science Act. These incentives aim to accelerate domestic R&D for semiconductors and materials critical to U.S. energy infrastructure and data centers, reducing reliance on overseas manufacturing and strengthening national security.