Rocket Lab to Expand Semiconductor Production for Spacecraft with CHIPS Act Funding
Rocket Lab USA, Inc. (Nasdaq: RKLB) has announced the signing of a non-binding preliminary memorandum of terms (PMT) with the Department of Commerce to receive up to $23.9M in funding under the CHIPS and Science Act. The investment aims to increase Rocket Lab's production of compound semiconductors for spacecraft and satellites by expanding and modernizing its facility in Albuquerque, New Mexico