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CHIPS Act – Upstream Supply Chain Projects: Notice of Funding Opportunity Released | Akin Gump Strauss Hauer & Feld LLP

On June 23, 2023, the U.S. Department of Commerce released revisions to the original CHIPS Act Notice of Funding Opportunity (NOFO) to detail the application requirements for upstream...
United States Incentives Program Program Office Us Department Of Commerce While The Department Facilities For Semiconductor Materials

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Ford Gets $9.2 Billion Federal Loan to Boost Battery Production

The Department of Energy plans to lend $9.2 billion to BlueOval SK, a joint venture between American automaker Ford and South Korean battery manufacturer SK On, to help finance the construction of new battery factories in Tennessee and West Virginia. The massive loan, part of an effort by the Biden administration to boost electric vehicle production in the U.S., nearly doubles the $11.4 billion already put into the joint venture by the parent firms. The loan is also the largest investment yet by
United States West Virginia South Korea South Korean Jigar Shah Loan Programs Office
Source: yahoo.com

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