United States: Department of Commerce signs non-binding preliminary memorandum with Rogue Valley Microdevices

The US Department of Commerce has signed a non-binding preliminary memorandum of terms with Rogue Valley Microdevices (RVM) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act.

“The proposed investment in RVM is another example of how the Biden-Harris Administration is making targeted investments across the semiconductor supply chain to reignite US leadership in semiconductor manufacturing,” said US Secretary of Commerce Gina Raimondo. “Because of President Biden’s CHIPS and Science Act, we are working to secure US-based companies a stable, domestic supply of MEMS technology when demand is increasing across the globe.”

Rogue Valley Microdevices founder and CEO Jessica Gomez added: “As the first MEMS foundry to secure proposed CHIPS and Science Act funding, Rogue Valley Microdevices is deeply committed to the onshore manufacturing of advanced microelectronics. “We plan to use this capital infusion to increase production of the miniature, intelligent sensors that are critical to markets for which a robust supply chain is essential, including automotive, biomedical, and industrial.”