$5 million will fund 17 small businesses conducting microelectronic experiments in nine states.
The Department of Commerce has awarded $5 million to small businesses engaged in research and development in the microelectronic field. Seventeen businesses were chosen from a competitive pool of grant funding applicants, each focusing on ways to more easily mass produce microelectronics that function more quickly at smaller scales.
“As we grow the U.S. semiconductor industry, the Biden-Harris Administration is committed to building opportunities for small businesses to prosper,” said Commerce Secretary Gina Raimondo. “With today’s awards, these 17 businesses will support CHIPS for America’s efforts to grow the U.S. semiconductor ecosystem and support our national and economic security.”
As the Lord Leads, Pray with Us…
- For Secretary Raimondo to receive God’s guidance as she oversees the Commerce Department.
- For Commerce Department officials to be discerning as they award grant funding for research and development.
Sources: Department of Commerce
