# Rogue Valley Microdevices to receive $6.7M CHIPS grant for Florida MEMS fab

The U.S. Department of Commerce signed a non-binding preliminary memorandum of terms to provide up to $6.7 million in direct funding to Rogue Valley Microdevices under the CHIPS and Science Act. The investment would support construction of a MEMS and sensor foundry in Palm Bay, Florida, nearly tripling manufacturing capacity and creating over 75 jobs.

- Type: Investment
- Announced: 2024-07-01
- Where: Palm Bay, Florida, United States
- Value: $6.70M
- Jobs: 75
- Status: announced
- Capacity: nearly triple manufacturing capacity
- Products: MEMS devices, sensors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Rogue Valley Microdevices](https://endata.com/companies/71109.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [nist.gov](https://www.nist.gov/chips/rogue-valley-microdevices-florida-palm-bay), 2024-07-25: "The proposed CHIPS investment would support the construction of RVM’s pure play microelectromechanical systems (MEMS) and sensor foundry facility in Palm Bay, Florida"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.