Deputy Secretary of Defense Kathleen Hicks announced the award of $238 million in "Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act" funding for the establishment of eight Microelectronics Commons (Commons) regional innovation hubs.
This is the largest award to date under President Biden's CHIPS and Science Act.
"The Microelectronics Commons is focused on bridging and accelerating the lab-to-fab transition, that infamous valley of death between R&D and production," said Deputy Secretary Hicks. "President Biden's CHIPS Act will supercharge America's ability to prototype, manufacture, and produce microelectronics scale. CHIPS and Science made clear to America — and the world — that the U.S. government is committed to ensuring that our industrial and scientific powerhouses can deliver what we need to secure our future in this era of strategic competition."
Ferric’s partner hub, the North Eastern Microelectronics Hub (NEMC), has been awarded $19.7M from the program for the maturation of hardware systems, including those that integrate Ferric’s breakthrough power converter technology.