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Executive Office of the President

To provide the President with the support that he or she needs to govern effectively, the Executive Office of the President (EOP) was created in 1939 by President Franklin D. Roosevelt. The EOP has responsibility for tasks ranging from communicating the President’s message to the American people to promoting our trade interests abroad.

Federal Announcements

CHIPS for America Announces New Proposed $285 Million Award for CHIPS Manufacturing USA Institute for Digital Twins, Headquartered in North Carolina

| Department of Commerce (DOC), Executive Office of the President, National Institute of Standards and Technology (NIST) | Chips for America, Manufacturing USA | Electronics, Microelectronics, Research and Development (R&D), Semiconductors

The U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Department to provide SRC $285 million to establish and operate a Manufacturing USA institute headquartered in Durham, North Carolina. The new institute, known as SMART USA (Semiconductor Manufacturing and Advanced Research with Twins USA) will focus on efforts to develop, validate, and use digital twins.

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U.S. Department of Commerce Announces Preliminary Terms with SK hynix to Advance U.S. AI Supply Chain Security

| Department of Commerce (DOC), Executive Office of the President | Chips for America | Artificial Intelligence, Batteries, Biotechnology, Electric Vehicle, National Security, Research and Development (R&D), Semiconductors, Supply Chain

The U.S. Department of Commerce and SK hynix have signed a non-binding preliminary memorandum of terms to provide up to $450 million in proposed federal incentives under the CHIPS and Science Act to establish a high-bandwidth memory (HBM) advanced packaging fabrication and R&D facility.

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ICYMI: Experts Agree: Chips Manufacturing and National Security Bolstered by Childcare

| Department of Commerce (DOC), Executive Office of the President | Semiconductors, Workforce

The Commerce Department released the notice of funding opportunity laying out the guardrails for companies applying to make major investments in the semiconductor industry in America, including a novel requirement that recipients craft a program tailored to the location to provide child care for all of their workers.

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