The National Institute of Standards and Technology (NIST) is offering the CHIPS Incentives Program to support the construction, expansion, or modernization of commercial fabrication facilities in the U.S. semiconductor industry. This initiative aims to enhance economic and national security by fostering resilience in the semiconductor supply chain, with eligible projects requiring a minimum capital investment of $300 million and focusing on leading-edge and mature-node semiconductor production. The program allows for direct funding, loans, and loan guarantees, with a cumulative federal investment ceiling of $3 billion, and emphasizes workforce development, sustainability, and collaboration with educational institutions. Interested applicants must submit their proposals through the CHIPS Incentives Portal by June 18, 2024, and can reach out to Misty Roosa at apply@chips.gov for further inquiries.