Coretec Group Inc (CRTG)

[iamthe walrus]

https://www.talent-101.com/blog/chips-for-america-act-funding-how-and-when-will-the-52.7-billion-be-distributed
An October article on the Chips Act with then thought to be time lines on funding. That may have been updated a bit since because it was a work in progress at that time as far as the application and award dates for Chips Act moneys. Ill look more to see what timelines are out there now to see if they changed . Coretec said they were talking to a couple of semi conductor companies about working with them in partnership to get funding .I believe Coretec said that the money would be used to create the best process to scale CHS at a price that is acceptable . Ill look back to see what they stated in the web cast

Part of what the article stated:
How will the funding process work?
Commerce said “funding documents, which will provide specific application guidance ... will be released by early February 2023. Awards and loans will be made on a rolling basis as soon as applications can be responsibly processed, evaluated, and negotiated.”

“We’re going to negotiate these deals one at a time,” said Commerce Secretary Gina Raimondo. She added that they would need companies to prove government funding is necessary for production.

When will the program be implemented?
The program’s first priority is to get a team in place to oversee the program. Next, it will issue high-level principles and guidelines for how it will run the program.

By February 2023, the U.S. Commerce Department plans to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production in the New Year.

The agency hopes some funds could be awarded by spring 2023.