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Biden-Harris Administration Announces Preliminary Terms with HP to Support Development and Commercialization of Cutting-Edge Semiconductor Technologies

| Department of Commerce (DOC) | Business Operations, Research and Development (R&D)

The Biden-Harris Administration announced that the Department of Commerce and HP Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $50 million in proposed direct funding under the CHIPS and Science Act. The proposed funding would support the expansion and modernization of HP’s existing facility in Corvallis, Oregon, which is part of the company’s “lab-to-fab” ecosystem in the region.

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DOE Outlines Tools and Technologies to Help Industry Leaders and Partners Meet Growing Energy Demand

| Department of Commerce (DOC), Executive Office of the President | Business Operations, Research and Development (R&D)

The Biden-Harris Administration announced that the Department of Commerce and HP Inc. have signed a non-binding preliminary memorandum of terms to provide up to $50 million in proposed direct funding under the CHIPS and Science Act. The proposed funding would support the expansion and modernization of HP’s existing facility in Corvallis, Oregon, which is part of the company’s “lab-to-fab” ecosystem in the region that spans from R&D activities to commercial manufacturing operations.

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Biden-Harris Administration Announces Nearly $85 Million to Accelerate Domestic Heat Pump Manufacturing

| Department of Energy (DOE) | Business Operations, Manufacturing Cycle Time, Product Development Cycle

The U.S. Department of Energy announced nearly $85 million across four heat pump manufacturers to accelerate the manufacturing of electric heat pumps, heat pump hot water heaters, and heat pump components at five factories in New York, Tennessee, Texas, and Rhode Island.

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