Rocket Lab to Get Funding Under CHIPS Act for Semiconductors

Rocket Lab USA, Inc. has announced the signing of a non-binding preliminary memorandum of terms (PMT) with the Department of …
Rocket Lab to Get Funding Under CHIPS Act for Semiconductors

Rocket Lab USA, Inc. has announced the signing of a non-binding preliminary memorandum of terms (PMT) with the Department of Commerce that would see Rocket Lab receive up to $23.9M in direct funding under the CHIPS and Science Act. The Company also plans to claim the Department of the Treasury’s Investment Tax Credit, which is potentially up to 25% of qualified capital expenditures.

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Joshua Faleti
Kofoworola Joshua Faleti is the News Editor. He enjoys talking and learning about space and wants to talk about space to anyone who cares to listen. Joshua is interested in Space Law and Policy and how Space can positively impact human lives. Joshua is also a big music lover.
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