Due to the 'overwhelming' interest in CHIPS funding, the Commerce Department has temporarily halted its plans to provide financial support for semiconductor research and development facilities, reports the American Institute of Physics.
The Commerce Department has put a hold on its plans to offer financial support for R&D fabs. This pause is attributed to the unexpectedly high interest in the $39 billion incentive initiative under the CHIPS and Science Act, as well as changes brought by the final requisitions bill for fiscal year 2024. Despite this setback, the department remains committed to investing $11 billion in semiconductor R&D through other programs established by the Act.
