Brief

On Friday, December 6, 2024, the US Department of Commerce announced proposed investments in Coherent, SkyWater Technology Foundry Inc., and X-Fab under the CHIPS and Science Act. The proposed funding aims to enhance production capacity of semiconductor manufacturing components and support modernization and expansion of facilities in Texas and Minnesota, creating approximately 290 jobs and bolstering domestic chip production for national and economic security.

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US Department of Commerce

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