Semiconductors: Commerce Needs Plan to Meet CHIPS for America R&D Requirements
What GAO Found The Department of Commerce has continued to implement the semiconductor facilities and equipment incentives program, and awardees have made progress on milestones. Since July 2025, Commerce has awarded nine new projects, for a total of 49 projects across 24 companies. When setting award amounts, Commerce considered new factors as compared to prior awards, such as whether the company would provide equity in exchange for funding. Commerce also amended existing awards for 14 companies. As of April 2026, awardees had completed all required milestones by their due dates, but some milestones had fallen behind anticipated schedules. Commerce has disbursed $13.1 billion to awardees—a.
Reported by Claire WalshSemiconductors: Commerce Needs Plan to Meet CHIPS for America R&D Requirements.
The item is dated Thu, 06 Aug 2026 07:37:32 -0400.
TeamCog is carrying it as a audits report from GAO reports and testimonies RSS.
What GAO Found The Department of Commerce has continued to implement the semiconductor facilities and equipment incentives program, and awardees have made progress on milestones.
Since July 2025, Commerce has awarded nine new projects, for a total of 49 projects across 24 companies.
When setting award amounts, Commerce considered new factors as compared to prior awards, such as whether the company would provide equity in exchange for funding.
Commerce also amended existing awards for 14 companies.
As of April 2026, awardees had completed all required milestones by their due dates, but some milestones had fallen behind anticipated schedules.
Official Source
GAO reports and testimonies RSS. Accessed 2026-08-06T15:00:12.053Z.