The CHIPS for America award will provide Rocket Lab up to $23.9 million in total direct funding under the CHIPS and Science Act to support the creation of a more robust and resilient supply of space-grade solar cells that power spacecrafts and satellites. The modernization and expansion project would increase Rocket Lab’s compound semiconductor production by 50% within the next three years – helping to meet the growing national security and commercial demand for these solar cells in the United States.

The CHIPS for America award will provide Intel New Mexico up to $500 million in total direct funding under the CHIPS and Science Act to support the modernization of two existing fabs into an advanced packaging facility to close an important gap in the domestic semiconductor supply chain.