RKLB - Rocket Lab Eyeing Semiconductors Expansion - Inks Initial Pact Worth $23.9M For CHIPS Act Funding | Benzinga
On Tuesday, Rocket Lab USA, Inc. (NASDAQ:RKLB) inked a non-binding preliminary memorandum of terms with the Department of Commerce.
Under the deal, Rocket Lab will receive up to $23.9 million in direct funding under the CHIPS and Science Act.
This CHIPS investment would create more than 100 direct manufacturing jobs.
“Semiconductors are central to modern life, to our economy, and to America’s future. We are proud to be strengthening that future with the support of the CHIPS Office ...