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The U.S. Department of Commerce announced preliminary terms to provide up to $6.7 million in CHIPS Act funding to Rogue Valley Microdevices for construction of a MEMS and sensor foundry in Palm Bay, Florida. The facility is expected to nearly triple manufacturing capacity and create over 75 jobs.
“The proposed CHIPS investment would support the construction of RVM’s pure play microelectromechanical systems (MEMS) and sensor foundry facility in Palm Bay, Florida.”nist.gov
Summarized from public sources; check the original articles before acting on it.