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What will be the total amount of CHIPS funding awarded by the end of 2024?
3
Resolution / Starting Odds
Up to $500 million • 25%
$501 million to $1 billion • 25%
$1.01 billion to $1.5 billion • 25%
Over $1.5 billion • 25%
Official announcements from U.S. Commerce Department
Story
U.S. Commerce Department Issues First $123 Million Award to Polar Semiconductor
Sep 24, 2024, 09:05 AM
The U.S. Commerce Department has finalized a $123 million award for Polar Semiconductor, a Minnesota-based company, to boost chips production. This grant is part of the $52.7 billion CHIPS fund aimed at enhancing the domestic semiconductor industry. The funding will be used to expand Polar Semiconductor's plant in Minnesota. This is the first award from the CHIPS fund.
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Full $3 billion • 25%
$2 billion to $3 billion • 25%
$1 billion to $2 billion • 25%
Less than $1 billion • 25%
Less than $3 billion • 25%
$3 billion to $5 billion • 25%
$5 billion to $6.6 billion • 25%
More than $6.6 billion • 25%
More than $2B • 25%
$1B to $2B • 25%
Less than $1B • 25%
No additional funding • 25%
$500,000 - $1 million • 33%
$1 million - $1.5 million • 33%
$1.5 million - $2 million • 33%
