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Biden-Harris Administration Announces Preliminary Terms with Akash Systems to Support Development and Production of Emerging Semiconductor Technology

News Manufacturing & Supply Chain General Updates
Date: 13th Nov, 2024 Source: US Department of Commerce Country: USA Original Source

Brief

"On "13/11/2024", the "US Department of Commerce" issued an update regarding "Biden-Harris Administration Announces Preliminary Terms with Akash Systems to Support Development and Production of Emerging Semiconductor Technology". The Biden-Harris Administration has signed a non-binding preliminary memorandum of terms (PMT) with Akash Systems to provide up to $18.2 million in proposed direct funding under the CHIPS and Science Act, supporting the construction of cleanroom space for semiconductor manufacturing in West Oakland, California."

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US Department of Commerce

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