Commerce Department Announces $874M CHIPS R&D Initiative Across 7 Companies

<p>WASHINGTON, July 29, 2026 &#8212; The Department of Commerce today announced the signing of 7 letters of intent to provide $874 million in federal incentives under the CHIPS and Science Act. These incentives will support innovative domestic technologies to dramatically increase the performance of the world’s fastest computers, secure domestic supply chains, and strengthen U.S. leadership [&#8230;]</p> <p>The post <a href="https://www.hpcwire.com/off-the-wire/commerce-department-announces-874m-chips-rd-initiative-across-7-companies/">Commerce Department Announces $874M CHIPS R&amp;D Initiative Across 7 Companies</a> appeared first on <a href="https://www.hpcwire.com">HPCwire</a>.</p>