The Department of Commerce’s CHIPS Program Office on Monday announced it signed a non-binding letter of intent (LOI) with USA Rare Earth (USAR) that could provide up to $277 million in direct funding and up to $1.3 billion in a senior secured loan to bolster domestic semiconductor supply chains. […]

The Department of Commerce has appointed Bill Frauenhofer director of the agency’s CHIPS Program Office. […]

An executive order issued by the White House on March 31 is wrapping the Commerce Department’s CHIPS Program Office into a newly created United States Investment Accelerator that will have the mission of smoothing the way for foreign and domestic business investments exceeding $1 billion. […]