U.S. Department of Commerce Announces CHIPS Incentives Awards with Corning, Edwards Vacuum, and Infinera

Today, the U.S. Department of Commerce announced it finalized three separate awards under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities.

Today, the U.S. Department of Commerce announced it finalized three separate awards under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The Department awarded Corning up to $32 million in direct funding, it awarded Edwards Vacuum up to $18 million in direct funding, and it awarded Infinera up to $93 million in direct funding. The awards come after the previously signed preliminary memoranda of terms, announced on November 8, 2024, October 10, 2024, and October 17, 2024, respectively, and the completion of the Department’s due diligence. The Department will disburse the funds based on the companies’ completion of project milestones.

“The bipartisan CHIPS and Science Act is a turning point for American innovation and manufacturing that is strengthening our economic and national security,” said U.S. Secretary of Commerce Gina Raimondo. “The semiconductors that will be manufactured in the United States are foundational to our technological and economic leadership of the 21st century.”

The awards announced today would support the following projects:

“Corning is proud to play a vital role in the nation’s efforts to strengthen the domestic semiconductor supply chain,” said Corning Incorporated Chairman and CEO Wendell Weeks. “This investment and our continued commitment in Canton will enable us to expand the next-generation manufacturing capabilities necessary for producing critical materials for lithography tools that create the world’s most advanced microchips, reinforcing our commitment to advancing semiconductor manufacturing, technology, and job creation in the United States.”

“We are honored to announce that we have finalized the agreement to receive CHIPS Act funding to increase photonic semiconductor fabrication and packaging in the U.S. and help protect our national security by enabling us to better compete with foreign adversary nations,” said David Heard, Infinera CEO. “This funding will accelerate delivery of U.S. photonic semiconductor innovations to meet the demands of critical network infrastructure in the era of AI.”

In addition, the Department amended the previously announced award to provide a supplemental award of up to $75 million in direct funding to GlobalFoundries.

For more information about these projects, please visit the CHIPS for America website.

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