U.S. Department of Commerce

A Michigan company that makes materials for semiconductors has been tapped to receive up to $325 million in federal funding toward a new facility on its campus west of Saginaw. The funding will support the production and purification of hyperpure semiconductor-grade polysilicon, a crucial ingredient in advanced chips, according to the announcement. A news release said the company and U.S. Commerce Department "have signed a non-binding preliminary memorandum of terms."https://lnkd.in/eHZQWFaW

“Quantum sensors are already being field-tested to rapidly detect airborne pathogens like COVID and measure brainwaves for the early detection of neurological diseases... ...Imagine visiting a doctor, having your health data analyzed in real time, and receiving a custom 3D-printed medication tailored to your specific needs—all in the same visit.” That is why Deputy Security of Commerce Graves and the Dep. of Commerce are doing all they can to make sure the U.S. is the global leader in quantum. During our D.C. day, we discussed both quantum and semiconductor ambitions with the Deputy Secretary of Commerce, Under-Secretary Locascio (Director of National Institute of Standards and Technology (NIST)), Michael Schmidt (Director of the CHIPs program) and SIA's John Neuffer. The U.S. once led the world in semiconductors—so how did it let that lead slip? Now, with the CHIPS Act, the country is re-industrializing the sector, but what lessons can it learn to avoid making the same mistakes in quantum and AI? These are questions we explored ahead of our upcoming large-length Newsweek feature on America's Next Chapter, set to be published in late November. Grant Valerie Alfred Madeline Investment Reports

The Minority Business Development Agency - U.S. Department of Commerce announced the recipients of the 2024 Minority Enterprise Development Week Awards. The National MED Week Awards are the highest national recognition a U.S. minority business enterprise can receive from the Department of Commerce. https://lnkd.in/efTDxuVx

What an incredible week in Atlanta celebrating minority business enterprise excellence at the 2024 National MED Week and National Minority Supplier Development Council (NMSDC) Annual Conference and Exchange! 🌟 From venture capital and strategic funding to government contracting opportunities, we explored pathways to help MBEs scale and thrive. Under the theme of "Defining New Norms," we brought together industry leaders, policymakers, and MBEs to chart the course for a more equitable business ecosystem. MBDA Deputy Under Secretary Eric Morrissette was honored to welcome Deputy Secretary of Commerce Don Graves, who shared powerful perspectives during our Investing in America panel and 2024 National MED Week reception, as well as Secretary of Commerce Gina Raimondo for an insightful fireside chat with NMSDC President and CEO Ying McGuire. Congratulations to our remarkable 2024 National MED Week awardees who exemplify excellence in MBE development. Your achievements inspire the next generation of entrepreneurs! Thank you to everyone who joined us as we work together to create lasting economic opportunities for minority business enterprises across America. #MEDWeek2024 #NMSDCConference #DefiningNewNorms Black Star Fund, CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE, Endemic Venture Capital, Business Consortium Fund, BlackRock, The White House, U.S. Department of Commerce, Export-Import Bank of the United States, U.S. Small Business Administration, MBDA Federal Procurement Center, U.S. Department of Energy (DOE), National Telecommunications and Information Administration (NTIA), GSA, Steve Benjamin, Reta Jo Lewis, Esq., Dilawar Syed

#ICYMI: Deputy Secretary Graves recently visited JILA, a joint institute of the National Institute of Standards and Technology (NIST) and the University of Colorado Boulder, to explore quantum research and highlight the partnership's role in building a quantum-ready workforce. Learn more about his visit: https://lnkd.in/ewZ2Newy

The National Telecommunications and Information Administration (NTIA) has awarded more than $6.3 million to Idaho to implement its Digital Equity Plan. This funding comes from the $1.44 billion State Digital Equity Capacity Grant Program, one of three Digital Equity Act grant programs created by the Bipartisan Infrastructure Law. https://lnkd.in/eSgk3zqA

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has awarded $15 million for a center of excellence to support U.S. engagement in international standardization for critical and emerging technologies essential to U.S. competitiveness and national security. The new Standardization Center of Excellence will be led by global standards organization ASTM International, with multiple partners from across the standards development ecosystem. https://lnkd.in/eEQYarbi

In a recent announcement from the federal U.S. Economic Development Administration, Harbor Beach has been awarded a $3.6 million grant for water infrastructure improvements in the city. The grant was awarded to boost manufacturing growth by constructing a higher capacity water main, to serve the regional water system and large industrial users in the city. https://lnkd.in/eAQpBrG7

#NEWS: Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Hemlock Semiconductor have signed a non-binding preliminary memorandum of terms to provide up to $325 million in proposed direct funding under the CHIPS and Science Act to solidify U.S. leadership in semiconductor-grade polysilicon production. The proposed funding would support the construction of a new manufacturing facility on HSC’s existing campus in Hemlock, Michigan, dedicated to the production and purification of hyper-pure semiconductor-grade polysilicon. https://lnkd.in/eWSDSRP7

The Biden-Harris administration announced Thursday that Infinera, a global semiconductor manufacturer with a facility in Allentown, signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce for up to $93 million in funding through the CHIPS and Science Act. The proposed projects would be expected to increase Infinera's existing domestic manufacturing capacity by an estimated factor of 10 and would create up to approximately 500 manufacturing jobs and 1,200 construction jobs. https://lnkd.in/enZvEXVr