U.S. Department of Commerce Announces Preliminary Terms with Rogue Valley Microdevices to Support Construction of New Foundry
July 01, 2024
July 01, 2024
WASHINGTON, July 1 -- The U.S. Department of Commerce issued the following news release:
Proposed Investment Would Nearly Triple Production Capacity per Month
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Rogue Valley Microdevices (RVM) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act. The proposed CHIPS investment would sup . . .
Proposed Investment Would Nearly Triple Production Capacity per Month
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Rogue Valley Microdevices (RVM) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act. The proposed CHIPS investment would sup . . .