The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.
All companies seeking the funds will need to show how they plan to develop a local workforce, with firms getting $150 million or more also required to provide affordable and accessible child care for their workers., which President Joe Biden signed into law last August. Grants, loans and loan guarantees are meant to revive domestic production of computer chips.
It’s aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when
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