N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 1

CHIPS for America

How to Complete a CHIPS 

Incentives Program Full Application

June 21, 2023
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 2

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 2

TODAY’S CHIPS PROGRAM OFFICE SPEAKERS

Jesse Stoneman

Public Engagement

Sara O’Rourke

Investments Office Chief of 

Staff and Head of Operations

Ben Schwartz

Director of National Security

Hassan Khan

Economic Security

Kent Twardock

Investment Director

Hoshing Chang

Supervisory NEPA Coordinator

Reginald Hicks

Head of Facilities Workforce
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 3

AGENDA & OBJECTIVES FOR TODAY

Agenda

• Reminder of CHIPS for America Vision – 5 mins

• Reminder of Application Process – 5 mins

• Overview of Full Application Requirements – 5 

mins

• Deep Dives into Full Application Sections and 

Relevant Priorities – 60 mins

• Next Steps and Additional Resources – 5 mins

• Q&A – 10 min

By the end, attendees should 

understand

• What is required for a full 

application

• What we're looking for in a 

successful full application

• How to submit a full application
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 4

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 4

COMMERCIAL FABRICATION FACILITIES NOFO

The CHIPS Incentives Program - Commercial 

Fabrication Facilities NOFO is the official funding 

announcement document. Nothing in this presentation or 

the accompanying materials is intended to contradict or 

supersede information in the NOFO. The NOFO controls 

in the event of any conflicts
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 5

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 5

CHIPS FOR AMERICA VISION

Economic 

Security

The CHIPS Act will 

strengthen supply chain 

security and increase 

economic resilience in critical 

sectors.

National 

Security

The CHIPS Act will 

support U.S. manufacture 

of high-quality and secure 

chips for defense and other 

critical infrastructure 

applications.

Future 

Innovation

The CHIPS Act will spur 

innovation, increase 

competitiveness, and 

ensure long-term U.S. 

leadership in the sector.
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 6

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 6

FUNDING OPPORTUNITIES

February 28, 2023

1

st Notice of Funding 

Opportunity

For commercial leadingedge, current, mature node 

fabrication and back-end 

facilities

Focus of today’s webinar

2

nd Notice of Funding 

Opportunity

For material suppliers and 

equipment manufacturers

3

rd Notice of Funding 

Opportunity

To support the construction of 

semiconductor R&D 

facilities 

Full Application submission will be available for NOFO 1 eligible applicants
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 7

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 7

Leading-Edge Logic & 

Memory

- Logic: high-volume facilities capable of producing semiconductors using 

extreme ultraviolet (EUV) lithography tools

- Memory: facilities capable of producing 3D NAND flash chips with 200 

layers and above, and/or dynamic random-access memory (DRAM) chips 

with a half-pitch of 13 nm and below.

Current-Generation

Facilities capable of producing semiconductors that are up to 28 nm process 

technologies, and include logic, analog, radio frequency, and mixed-signal 

devices

Mature- Node

Facilities capable of fabricating generations of

- Logic and analog chips that are not based on FinFET, post-FinFET transistor 

architectures, or any other sub-28 nm transistor architectures

- Discrete semiconductor devices such as diodes and transistors

- Optoelectronics and optical semiconductors

- Sensors

Back-End Production Facilities for assembly, testing, or packaging of semiconductors that have 

completed the front-end fabrication process including advanced packaging

ELIGIBLE COMMERCIAL FABRICATION FACILITIES
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 8

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 8

APPLICATION PROCESS

Statement of interest (open to all)

Pre-application (optional)

Full application

Due diligence

Leading-edge

Current-gen, maturenode, and back-end

February 28, 2023 February 28, 2023

March 31, 2023 May 1, 2023

March 31, 2023 June 26, 2023

Feedback

Award preparation

Submissions accepted as of....

Focus for today
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 9

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 9

APPLICATION PROCESS – FULL APPLICATION

Because the full application is resource-intensive, the 

applicant should strongly consider any preapplication feedback when deciding whether to 

prepare and submit a full application.... If a potential 

applicant has submitted a pre-application, it should not 

submit a full application until after it receives written 

feedback on the pre-application.

- CFF NOFO Section 1. B.
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 10

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 10

FULL APPLICATION OBJECTIVE

Objectives

• Create opportunity to be considered for CHIPS Incentives Awards

• Enable evaluation of proposed project(s)

• If selected, negotiate preliminary terms of potential award

The applicant will not be considered for award until a complete full application is 

submitted
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 11

EVALUATION CRITERIA

Economic 

and national 

security 

objectives

Commercial 

viability

Financial 

strength

Technical 

feasibility 

and 

readiness

Workforce 

development Broader

impacts
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 12

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 12

CHECKLIST OF FULL APPLICATION 

REQUIREMENTS

Legend

PDF Upload

Excel Upload

Web Form

Section Description Submission Type

Cover Page Basic applicant, application, and contact information

Covered Incentive Letter from state or local gov’t. demonstrating covered incentive agreement

Description of Project(s) Detailed project description

Applicant Profile Detailed applicant information, financial statements, equity capital 

structure, and outstanding debt

Alignment with Economic

and National Security Objectives

Description of how the project(s) meet economic and national 

security objectives

Commercial Strategy Overview of end-markets, market position, competitors, and supply chain

Financial Information Sources & uses, financial models, scenarios, & incentives/ loan requests

Project Technical Feasibility Technology viability, construction plan, and environmental questionnaire

Organization Information Detailed org., management, and consortium information (if applicable)

Workforce Development Plan Facility & construction workforce needs and strategy

Broader Impacts Impacts on industry, local, and national communities

Standard Forms Additional forms relating to lobbying, foreign interests, and other development 

information

A

B

C

D

E

F

G

H

I

J

K

L
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 13

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 13

Name of 

Application

Applicant 

Organization 

Information

Applicant Point of 

Contact

Partnership 

Information

A COVER PAGE

 

• List all entities you anticipate partnering with in a 

meaningful way

• Partnerships are important in demonstrating 

potential to engender a productive, efficient, and 

self-sustaining ecosystem (e.g., with suppliers, 

customers, third-party financing, and workforce)

Partnership information

• As part of applicant org. info, Unique Entity Identifier 

(UEI) from SAM.gov is an optional field, however, it 

is required to receive an award

• We recommend starting the SAM.gov registration 

process as early as possible, as it may take 6 

months or more

Application organization information

PDF Upload

Excel Upload

Web Form

Legend
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 14

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 14

B COVERED INCENTIVE

Legend

Covered Incentive Letter 

from State or Local 

Governments

PDF Upload

Excel Upload

Web Form

Covered Incentive Letter

• A covered incentive letter is required for a full 

application

• A “covered incentive” may take many forms, 

including a tax incentive for the purposes of 

constructing, expanding, or modernizing a 

facility within that jurisdiction, a workforcerelated incentive, or any concession with 

respect to real property, funding for 

semiconductor R&D, or any other incentive 

determined appropriate by the CPO

• Workforce or community investment and covered 

incentives prior to the release of the funding 

opportunity will be accepted
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 15

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 15

C DESCRIPTION OF PROJECT(S)

Legend

PDF Upload

Excel Upload

Web Form

Description of 

Projects

Consortium 

Description (if 

applicable)

Cluster Profile

Project Timeline

Summary 

Narrative 

Addressing 

Evaluation Criteria

CHIPS Incentives 

Justification

 

Cluster Profile

• Describe how the project will attract supplier, workforce, 

and other related investments, thus creating a more 

productive, efficient, and self-sustaining ecosystem and 

catalysing future upgrades and expansions

• The CHIPS program office vision for success includes at 

least two new large-scale clusters of leading-edge logic 

fabs

Summary Narrative Addressing Evaluation Criteria

• Summarize how the project supports the six evaluation 

criteria (ECs) laid out in the NOFO

CHIPS Incentives Justification

• Explain how the CHIPS Incentives requested will 

incentivize the applicant to make investments in facilities 

and equipment in the United States that would not occur in 

the absence of the incentives
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 16

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 16

Descriptive Applicant 

Information

Company Financials

Equity Capital Structure

Outstanding Debt

D APPLICANT PROFILE

PDF Upload

Excel Upload

Web Form

Legend

 

All Subsections

• If the applicant is a subsidiary, the applicant should 

provide information for themselves, their ultimate 

corporate parent, and any key intermediate entities

Company Financials

• Submit audited consolidated financial statements at 

fiscal year-end for each of the last 5 years

• If available, submit interim financial statements for 

the current fiscal year

• Include key financial metrics laid out in NOFO 

section IV.I.4
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 17

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 17

Narrative 

Description of how 

project meets 

Economic and 

National Security 

objectives

Supporting Uploads 

(optional)

ALIGNMENT WITH ECONOMIC AND NATIONAL 

SECURITY OBJECTIVES E

PDF Upload

Excel Upload

Web Form

Legend

 

Narrative Description

Description of how project(s) meet Economic and 

National Security objectives laid out in Section I.C.1 of 

the NOFO

Supporting Uploads

• Cybersecurity - evaluation vs. cybersecurity 

framework1, security risk assessment

• Supply chain resilience and risk management plan

• Foreign ownership, control or influence risk selfidentification

1. NIST, U.S. Dep’t of Commerce, Version 1.1, Framework for Improving Critical Infrastructure Cybersecurity (2018).
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 18

National Security

Evaluation Criterion #1

Improve the safety and security by supporting U.S. manufacture of a dependable supply of 

trustworthy products, and protecting the data and technologies critical to the security of the 

U.S.

Supply Chains

Facilities

Products • Useable in Defense and Critical Infrastructure

• Secure by design (e.g. anti-tamper / anti-counterfeit)

• Ability to detect and mitigate variety of security risks

• Robust security plan and milestones that identifies applied 

regulations, certifications, standards, etc.

• Level of visibility and control of the supply chain

• Supply Chain Risk Management Plan that addresses foreign 

entities of concern, chokepoints, and counterfeits.
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 19

Economic Security

Evaluation Criterion #1

SEEKING PROJECTS THAT

• Increase U.S. semiconductor production and align with U.S. strategic needs

• Create a more resilient semiconductor supply chain

• Build foundry or other capacity to serve many different customers

• Will not happen in the absence of incentives

• Attract supplier, workforce, and other investments

• Contribute to a self-sustaining ecosystem and catalyze future upgrades

Leading-edge

• Utilize the most advanced 

production technology and 

produce advances chips most 

critical to enhancing U.S. 

competitiveness

• Commit to ongoing investment 

and regular updates in U.S. 

facilities

Current-generation

and mature-node

• Support production of chips vital 

to manufacturing, healthcare, 

defense industrial base, and 

other critical economic 

infrastructure

• Resilient supply chain that 

withstands and adapts to 

disruptions

Back-end production

• Establish U.S. technology 

leadership in advanced 

packaging for both logic and 

memory

• Support U.S. competitiveness 

by lowering the cost of 

conventional packaging in the 

U.S.
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 20

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 20

F COMMERCIAL STRATEGY

Legend

End-market Demand 

Information

Market Position and 

Competitor Landscape

Stability of Supplies 

and Materials

Improvement Plans

PDF Upload

Excel Upload

Web Form

 

End-market Demand Information

• Demonstrate customer demand (examples might 

include evidence of pre-purchase commitments, list 

of top 10 customers)

Market Position and Competitor Landscape

• Assess key competitors, market dynamics, and 

market exposures

Stability of Supplies and Materials

• Describe strategies to ensure long-term existence of 

stable and predictable sources of materials 

Improvement Plans

• Describe existing plans and resourcing for continued 

investment
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 21

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 21

Commerical Viability

Evaluation Criterion #2

Demand for the 

product

Size / diversity

of customer base

Existing and 

planned supply

Expected volume 

and pricing 

dynamics

Ability to counter 

potential 

technological 

obsolescence of the 

facility

Domestic content 

preferences
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 22

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 22

G FINANCIAL INFORMATION

Legend

PDF Upload

Excel Upload

Web Form

Project Sources and Uses 

of Funds

Project Financial 

Statements and Metrics

Scenario Analysis

Incentives Request

Loan or Loan Guarantee 

Request (optional)

 

Project Sources and Uses of Funds

• Include CHIPS incentives request and ITC as 

sources

Project Financial Statements and Metrics

• Applicants are not required to use the provided 

financial model template

• The pre-application model template is not suitable 

for full application submissions

Loan or Loan Guarantee Request

• Applicants are not required to apply for CHIPS loans 

or loan guarantees, however, they are encouraged to 

maximize alternative financing sources
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 23

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 23

Financial Strength

Evaluation Criterion #3

Financial 

strength of the 

applicant/parent

Financial 

strength of the 

project

Commitment of 

private / third 

party investment

Reasonableness 

/ suitability of 

CHIPS funding 

request
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 24

Funding Instruments & Allocation 

Funding Availability

Direct funding

Loans Loan 

guarantees

Alternate funding sources: 

- Private Investments 

- Investment Tax Credit (26 U.S.C. § 48D)

- State & Local Incentives

Total funding Funding by project

For CHIPS Direct 

Funding, up to $38.2B 

available in total

Direct funding expected 

to be 5-15% of project 

capital expenditures

For CHIPS Loans and 

Loan Guarantees, up 

to $75B in total in direct 

loan or guaranteed 

principal 

Expected total amount 

of a CHIPS Incentives 

Award expected not to 

exceed 35% of project 

capital expenditures
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 25

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 25

H PROJECT TECHNICAL FEASIBILITY

Legend

PDF Upload

Excel Upload

Web Form

Technology and 

Manufacturing 

Processes

Construction Plan

Environmental 

Questionnaire

 

Technology and Manufacturing Processes

• Detailed description of the core underlying 

technologie(s) and manufacturing processes, their 

respective level of maturity and the applicant's 

relevant experience and expertise

Construction Plan

• As part of the construction plan, submit an inventory 

of all Federal, state, and local permits, licenses, and 

approvals, including environmental authorizations

Environmental Questionnaire

• If applicable, update previously submitted 

questionnaire and resubmit

• The environmental team will work closely with you 

after submission of the questionnaire
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 26

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 26

Ownership, Legal 

Entity, and 

Organizational 

Structure

Managerial Capacity

Consortium Applications

Past Project History

Intellectual Property 

Security

Litigation and / or 

Conflicts

Advisors and Key 

Partners

I ORGANIZATION INFORMATION

 

• IRRs reported as part of past project history should 

reflect both projected and realized IRRs

Past Project History

• Submit one-page resumes for all key management 

personnel, key personnel of contractors and other 

entities that will play substantial roles in the project.

Managerial Capability

• Submit a chart showing parent companies, 

subsidiaries, affiliates and other relevant entities, 

including associated ownership of those entities

• Disclose any future mergers or changes to corporate 

structure

Ownership, Legal Entity, and Organizational Structure

PDF Upload

Excel Upload

Web Form

Legend
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 27

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 27

Technical Feasibility and Readiness

Evaluation Criterion #4

Organizational 

Readiness

Technology and 

Manufacturing 

Processes

Construction 

Plan

Environmental 

Risk
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 28

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 28

ENVIRONMENTAL REVIEW:

PERMITTING AND NATIONAL 

ENVIRONMENTAL POLICY 

ACT (NEPA)

Submit an environmental 

questionnaire (EQ) with app

(see "Overview of the EQ", May 11 webinar)

CHIPS environmental review team 

will use the EQ to ensure required 

information is provided for our 

environmental review

CHIPS environmental team will 

engage in an iterative process with 

applicants

1

2

3
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 29

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 29

J WORKFORCE DEVELOPMENT PLAN OVERVIEW

Legend

PDF Upload

Excel Upload

Web Form

Facility Workforce 

Plan

Construction 

Workforce Plan

Child Care 

Requirement

 

Facility Workforce Plan

• Describe strategic partnerships with workforce 

organizations

• Describe strategies to retain a diverse and skilled 

workforce

Construction Workforce Plan

• Disclose any planned Project Labor Agreement 

(PLA’s)

• Demonstrate history of compliance with Federal 

labor laws and safe workplaces

Child Care Requirements

• Required only for projects requesting >$150MM 

in direct funding

• Identify Partners & Operating Models, and any 

wraparound services plans
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 30

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 30

Workforce Development

Evaluation Criterion #5

Recruit, hire, train, and retain a diverse and skilled construction and 

manufacturing workforce

Create & Identify good jobs by type, required skills, & numbers of 

workers

Include DEI Metrics that include women, people of color, veterans, 

and inclusive leadership models

Align the metrics and data to the hiring needs / gaps and link to 

strategic partnership

Provide milestones that create line of site to Good Job Principles
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 31

Strong Partnerships Critical to Project Success

Effective workforce 

investments rely on successful 

strategic partnerships, and 

partnerships will be critical to 

achieve CHIPS program goals.

Partners can help applicants:

Provide Letters of 

Commitment

Identify financial 

resources to fund 

workforce 

development

Provide workforce 

development plans 

to meet the facility 

requirements

Retain and grow the 

workforce through 

Registered 

Apprenticeship 

programs

Applicants must secure commitments from strategic partners and are expected to engage 

with these partners on an ongoing basis.
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 32

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 32

K BROADER IMPACTS

Legend

PDF Upload

Excel Upload

Web Form

Overview of Broader 

Impacts

 

Overview of Broader Impacts Narrative

• Commitments to future investment in the US 

semiconductor industry

• Buyback commitment

• Support for semiconductor research and 

development, including NSTC, NAPMP, and 

Manufacturing USA

• Supplier diversity plan

• Climate and environmental responsibility plan

• Community investments

• Plan to utilize domestically produced iron, steel, 

and construction materials
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 33

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 33

Broader Impacts

Evaluation Criterion #6

Commitments 

to future 

investment

Support for 

semiconductor 

R&D

Inclusive 

opportunities 

for businesses

Climate and 

environmental 

responsibility

Community 

investments

Domestic 

content 

preferences
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 34

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 34

SF-328

CD-511

SF-LLL (if applicable)

SF-424 (if applicable)

S-424C and SF-424D 

(if applicable)

SF-424A (if applicable)

L STANDARD FORMS

 

• For the construction component of projects

SF-424A (if applicable)

• For the construction component of projects

SF-424C and SF-424D (if applicable)

• Application for Federal Assistance

SF-424 (if applicable)

• Disclosure of Lobbying Activities

SF-LLL (if applicable)

• Certification Regarding Lobbying

CD-511

• Certificate Pertaining to Foreign Interests

SF-328

PDF Upload

Excel Upload

Web Form

Legend
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 35

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 35

HOW TO SUBMIT

Earliest submission for

leading edge applicants

March 31, 2023

Earliest submission for

current-generation, maturenode or back-end production

facilities

June 26, 2023

Submit the full application 

through

applications.chips.gov

After Full Application Submission

The CHIPS Program Office may engage to

✓ Provide automatic confirmation of receipt

✓ Seek further information or clarification

✓ Provide feedback on scope of the proposed 

project and the amount of CHIPS 

Incentives requested 

✓ If applicable, negotiate the preliminary 

terms of a potential award
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 36

N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 36

Additional Resources Available

Instruction Guide

• Full Application Instructions

Cover Page

• Cover Page Instructions

Incentives Request

• Incentives Request Instructions

• Incentives Request Offline Template

Financial Model

• Guiding Principles for Full Application Financial Model

Sources and Uses

• Sources and Uses of Funds Instructions

• Sources and Uses Offline Template

Environmental Review

• Environmental Questionnaire

Workforce Development

• Workforce Development Planning Guide

Next Steps

• Submit a Full Application 

• Visit CHIPS.gov for additional resources

• Join our mailing list

• Contact us: apply@chips.gov – application-related 

inquiries

• Upcoming webinars: Overview of the Financial 

Information Required for Full App

Next Steps and Additional Resources
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 37

FREQUENTLY ASKED QUESTIONS – PART 1

• We strongly encourage applicants to consider any pre-application 

feedback when deciding whether to prepare and submit a full 

application.

• This does not mean that applicants must wait, however, waiting for 

feedback is highly encouraged given the amount of effort required to 

prepare the full application

I submitted a pre-application but haven’t 

heard back yet. Can I submit a full 

application?
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 38

FREQUENTLY ASKED QUESTIONS – PART 2

• A covered incentive letter is required for a full application.

• This letter must include the estimated size and nature of the incentive 

and any contingencies, if applicable.

• Prior to receiving a CHIPS Incentives Award, the applicant may be 

required to provide additional information demonstrating to the 

Department’s satisfaction that the covered incentive has been or will be 

received.

I have most of my application materials 

prepared, but don’t yet have my covered 

incentive letter. Can I still submit?
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 39

FREQUENTLY ASKED QUESTIONS – PART 3

The timing for full application review and due diligence will vary from project 

to project and will depend on the nature and quality of each application.

How soon should I expect to hear a final 

decision after I submit my full app?
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 40

FREQUENTLY ASKED QUESTIONS – PART 4

• Potential applicants must submit a statement of interest with a brief 

description of the planned application. Statements of interest must be 

submitted a minimum of 21 days before submission of a preapplication or a full application.

• Potential applicants are highly encouraged, although not required, to 

submit a pre-application prior to submitting a full application. This 

optional pre-application phase creates an opportunity for dialogue 

between the Department and the potential applicant to ensure the 

proposed application would meet program requirements and address 

program priorities. 

I didn’t submit an SOI or a pre-application, 

am I able to submit a full application?
N ational Institute of S tandar ds and Techno l o gy | U .S . Departm e n t of C ommerce 41

Thank You