Missouri CHIPS Act Program

Description

The Creating Helpful Incentives for Producing Semiconductors (CHIPS) Act Program (the Program) will make investments in the state’s semiconductor supply chain and ecosystem, with an ultimate goal of attracting semiconductor manufacturers to Missouri. 

The Program is aligned with the National Institute of Standards and Technology’s (NIST) CHIPS Incentives Program funding opportunities, which aim to facilitate investment in American manufacturing and improve the security and resilience of the semiconductor supply chain in the interest of national security. Funds from the Program will support entities that have or will apply to an NIST CHIPS Incentives Program opportunity.

The Missouri General Assembly appropriated $10 million to the Department of Economic Development (the Department) in House Bill 7 at § 7.035 (2023) for the Program. Grant funding is subject to annual re-appropriation.

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