Rocket Lab receives $23.9 million in CHIPS Act funding to expand production of space-grade solar cells, boosting semiconductor manufacturing.
Rocket Lab announced on Tuesday, June 11, that it will receive $23.9 million in funding from the US Commerce Department. This will allow it to dramatically boost its production of compound semiconductors used in satellites and spacecraft.
Rocket Lab produces these space-grade solar cells at its Albuquerque, New Mexico facility. Notably, NASA has used them in the James Webb Space Telescope and theAside from the CHIPS funding, Rocket Lab said it has also secured $25.5 million from the state of New Mexico. This allocation will be directed towards expanding its Albuquerque facility, with Rocket Lab investing over $70 million in the project. The expansion is projected to create over 100 manufacturing jobs.
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