The MMEC Receives Microelectronics Commons Project Awards [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
to announce the award of five technology development projects through Microelectronics Commons. These five project awards designate a total first-year funding of over $31 million of a total proposed $130 million over the next four years in addition to $29 million in cost share, bringing total potential project budgets to over $138 million . These projects will engage more than 30 MMEC members representing organizations from industry, academia, and government stakeholders to advance domestic microelectronic technology development to deliver solutions to strengthen the US-based supply chain. "These awards are the culmination of months of effort from the MMEC members and our team," Jackie Janning-Lask , MMEC CEO stated, "We are very excited to see these projects awarded to the MMEC members. These projects will play a critical role in onshoring chip development and are a critical step in securing the US microelectronics supply chain." Funded by the CHIPS and Science Act, the Microelectr
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