U.S. government innovates funding for semiconductor manufacturing
hbr.org — September 3, 2024, 02:00 PM UTC
Summary: In February 2023, U.S. Commerce Secretary Gina Raimondo considered a $39 billion funding opportunity for semiconductor manufacturing under the CHIPS Act. The proposal included a pre-application process, upside sharing provisions, and funding milestones to ensure progress. These measures aimed to enhance U.S. technological leadership while safeguarding taxpayer funds, reflecting a shift towards innovative funding strategies in government.
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