Proposed CHIPS Investments in Minnesota and Texas Would Help Enhance Production Capacity of Important Semiconductor Manufacturing Components Today, the Biden-Harris Administration announced that the U.S. Department of Commerce signed three separate preliminary memoranda of terms (PMT) under the CHIPS and Science Act to provide up to $33 million in proposed direct funding to Coherent, up to $16...

This week, U.S. Secretary of Commerce Gina Raimondo and His Excellency Mr. Rui Miguêns de Oliveira, Minister of Commerce and Industry for the Republic of Angola, signed a Memorandum of Understanding (MOU) to launch the U.S.-Angola Commercial and Investment Partnership (CIP). This initiative can create new opportunities for cooperation between the U.S. Department of Commerce and Angola’s Ministry...

CHIPS Incentives Awards in Georgia and Colorado Would Advance U.S. Technology Leadership and Supply Chain Security Today, the Biden-Harris Administration announced that the U.S. Department of Commerce has finalized two separate awards under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The Department awarded Absolics, an affiliate of the Korea-based SKC...

Recent estimates show that industries that heavily rely on data from the U.S. government reached revenues of almost $800 billion in 2022, up from around $400 billion in 2012. Among industries that heavily use government data, the greatest revenue increases were seen in Internet Publishing and Broadcasting and Web Search Portals, and Management Consulting Services. Leveraging data from the U.S...

CHIPS Investment of up to $7.865 Billion Reinforces U.S. Supply Chain Security and Supports Multiple Projects in Arizona, New Mexico, Ohio, and Oregon Today, the Biden-Harris Administration announced that the U.S. Department of Commerce awarded Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities...

Native American Heritage Month is a time to honor the rich history and heritage of Native Americans and recognize their vast contributions to our country’s progress and our economy. Since day one, Commerce Secretary Gina Raimondo and Deputy Secretary Don Graves have believed that a healthy and successful Indian Country is at the heart of a prosperous American economy. Economic growth only matters...

Last month, Deputy Secretary of Commerce Don Graves called five organizations to congratulate them on receiving the 2024 Malcolm Baldrige National Quality Award , the nation’s only presidential award for performance excellence. Now that the initial celebrations have quieted, the real power of the Baldrige Award begins —sharing of best practices so that other U.S. organizations can learn and...

CHIPS Incentives Awards in New Hampshire and New Mexico Would Advance U.S. Supply Chain Security of Important Components for Defense Capabilities Today, the Biden-Harris Administration announced that the U.S. Department of Commerce has finalized two separate awards under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The Department awarded BAE Systems...