Driving Semiconductor Leadership with CHIPS Act Funding
The CHIPS and Science Act of 2022 represents a historic investment in the United States semiconductor industry, aiming to bolster national security, technological leadership, and economic competitiveness. With $50 billion allocated to the Department of Commerce for semiconductor research, development, and manufacturing, this landmark legislation is a game-changer for the future of American innovation.
Administered by the National Institute of Standards and Technology (NIST), the CHIPS Act provides financial support to entities building, expanding, or modernizing semiconductor facilities. It also extends opportunities to smaller-scale supply chain projects critical to advancing semiconductor manufacturing and materials capabilities. Whether you’re part of a private enterprise or a public-private consortium, the CHIPS Act opens new doors for growth, collaboration, and technological progress.
The Vision Behind CHIPS Act Funding
Semiconductors are the backbone of modern technology, powering everything from smartphones and electric vehicles to advanced defense systems and artificial intelligence platforms. Yet, global supply chain vulnerabilities have underscored the urgent need for a robust domestic semiconductor ecosystem. The CHIPS Act aims to address these challenges by:
Key Funding Opportunities Under the CHIPS Act
Commercial Fabrication Facilities
One of the CHIPS Act’s primary objectives is to establish and expand state-of-the-art fabrication facilities capable of producing leading-edge, current-generation, and mature-node semiconductors. Funding for these projects supports:
These opportunities are critical for companies looking to solidify their position as industry leaders while driving technological progress and economic growth.
Small-Scale Supply Chain Projects
Smaller-scale projects focusing on semiconductor materials and manufacturing equipment are also eligible for funding under the CHIPS Act. These projects play a vital role in supporting the broader semiconductor ecosystem by:
This funding empowers smaller businesses and consortia to contribute to the semiconductor supply chain’s growth and sustainability.
How to Engage: Notices of Funding Opportunities
CHIPS for America, the program spearheading the Act’s implementation, issues Notices of Funding Opportunities (NOFOs) to guide applicants through the funding process. To date, two significant NOFOs have been released:
By aligning your organization’s goals with these NOFOs, you can unlock federal support to drive your semiconductor projects forward.
Why CHIPS Act Funding Matters
The CHIPS Act is more than a funding mechanism—it’s a strategic initiative to restore the United States’ leadership in semiconductor technology. By participating in CHIPS Act programs, organizations can:
Why Partner with EverGlade Consulting?
Navigating CHIPS Act funding opportunities requires strategic planning, detailed proposal preparation, and compliance with federal requirements. That’s where EverGlade Consulting comes in. Our team specializes in helping organizations access federal funding to achieve their goals.
Our Expertise Includes
With a proven track record of guiding clients through complex funding landscapes, EverGlade Consulting is your trusted partner in securing CHIPS Act funding and advancing semiconductor innovation.
Take the Lead in Semiconductor Innovation
The CHIPS Act is a generational opportunity to redefine the U.S. semiconductor industry. Whether you’re building a leading-edge fabrication facility or contributing to the supply chain’s resilience, EverGlade Consulting can help you navigate the path to success.
Contact us today to learn how we can support your CHIPS Act funding journey and help you achieve your innovation goals.
