The U.S. Department of Commerce is detailing some of those plans, outlining where $50 billion of that funding will go. Reiterating the legislation’s key goals, the DoC notes that the money will be focused on getting the U.S. back on track with domestic semiconductor production, building a back-stock of chips and creating jobs.
An eligible applicant for funding under the Section 9902 incentives program must be a covered entity, which can be a private entity, a nonprofit entity, a consortium of private entities, or a consortium of nonprofit, public, and private entities with a demonstrated ability to substantially finance, construct, expand, or modernize a facility relating to fabrication, assembly, testing, advanced packaging, production, or research and development of semiconductors, materials used to manufacture semiconductors, or semiconductor manufacturing equipment.
$39 billion will go toward building out domestic manufacturing, $28 billion of which will arrive as incentives for manufacturers to design next-gen chips, with $10 million focused on existing chips.