Looming shutdown sparks worries about CHIPS funding rollout ...Middle East

The Hill - Technology

More than a year after President Biden signed the CHIPS and Science Act into law, the Commerce Department is pushing to get billions of dollars in semiconductor manufacturing and research incentives out the door. But the government is set to run out of money Nov. 17, and a potential shutdown — which could slow down the program's funding rollout — is not out of the question. The Commerce Department’s CHIPS Program Office, which is responsible for doling out roughly $50 billion in commercial incentives and research and development (R&D) grants, would stay open during a government shutdown. But it would “absolutely have a detrimental impact on our process,” a Commerce official, who

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Last updated : 01 Nov 2023 clock 01:09 PM

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Looming shutdown sparks worries about CHIPS funding rollout ...Middle East

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