$50B in CHIPS Act Funding Rollout Could Slow Amid Looming Government Shutdown
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The Commerce Department is working to distribute $50B in CHIPS Act funding, but a potential government shutdown could slow the rollout.
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The funding aims to boost U.S. semiconductor manufacturing and R&D to reduce reliance on Asia.
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The first funding awards are expected by end of 2022, but shutdown could impede the process.
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Over 500 interest statements received for funding across 42 states, showing high demand.
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Industry hopes funding addresses full supply chain, including workforce training, not just chip fabrication.
