Rocket Lab finalizes $23.9M CHIPS Act award for semiconductor manufacturing expansion

Rocket Lab Corp

Award from U.S. Dept. of Commerce funds compound semiconductor capacity at Albuquerque facility.
Rocket Lab guarantees SolAero's obligations and commits at least $32M equity to complete the project.
Assets acquired with award funds held in trust for Dept.; operational restrictions (mergers, dividends) apply without consent.
Facility produces space-grade solar cells; one of only two U.S. suppliers; powers James Webb, Artemis, Mars missions.
Employs over 370 people; has delivered >4 MW of power to >1,100 satellites.

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