CHIPS Act Funding Sought by Rocket Lab

Company Would Expand Production of Semiconductors that Power Spacecraft

The Department of Commerce has entered into a non-binding preliminary memorandum of terms (PMT) with Rocket Lab that would see the company receive up to $23.9M in direct funding under the CHIPS and Science Act. The proposed investment would enable Rocket Lab to increase its production of compound semiconductors for spacecraft and satellites, as part of …