The Hill Quotes Angela Styles, Josh Teitelbaum on CHIPS Act Funding

For its article “Looming shutdown sparks worries about CHIPS funding rollout,” The Hill quoted Akin government contracts partner Angela Styles and lobbying & public policy senior counsel Josh Teitelbaum. The article looks at challenges posed by the looming government shutdown to the Commerce Department CHIPS Program Office’s push to send out billions of dollars in semiconductor manufacturing and research incentives. The Hill notes that the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act seeks to increase domestic capacity to produce high-demand chips.

The article states that, with a limited amount of funding, the program office has to manage competing priorities, and that companies are watching to see what conditions will be attached to its awards. Angela said, “We’ll be watching what kind of terms and conditions the Department of Commerce proposes to these different companies that come along with the money.”

Josh, who works with companies in the semiconductor supply chain that are seeking funding, said, “Whether [award amounts are] higher or lower will be an indication of how much funding is left in the pot to distribute to the other projects. If the awards are perhaps larger than expected, other companies may get nervous about what is left as we get closer to the smaller supply chains or the R&D funding.”