5 articles | last updated: Jun 11 23:30:00
The investment aims to increase compound semiconductor output by 50% and create over 100 jobs in New Mexico.
- Rocket Lab signs a preliminary memorandum of terms with the Department of Commerce for $23.9M under the CHIPS Act.
- New Mexico commits an additional $25.5M in financial assistance and incentives for the expansion project.
- The funding will help Rocket Lab meet growing demand from U.S. military, NASA, and commercial space sectors.
- The expansion will enhance the supply of space-grade solar cells crucial for national security and scientific missions.
- Rocket Lab plans to claim a 25% investment tax credit to support its capital expenditures.
People, Places and Things In This Story
- Rocket Lab Company
- New Mexico US state
- United States Country in North America
- United States Department of Commerce Government department
- NASA Government agency
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