Home / Business and Economy / Rocket Lab Secures $23.9M to Expand U.S. Semiconductor Manufacturing
Rocket Lab Secures $23.9M to Expand U.S. Semiconductor Manufacturing
25 Aug
Summary
- Rocket Lab announces major expansion of U.S. semiconductor operations
- Backed by $23.9 million government award under CHIPS and Science Act
- Rocket Lab completes 70th successful Electron rocket mission
On August 25, 2025, aerospace and defense company Rocket Lab (NASDAQ:RKLB) announced a major expansion of its U.S. semiconductor manufacturing operations, backed by a $23.9 million award under the CHIPS and Science Act. This initiative is designed to bolster the domestic supply chain for national security space programs and meet the growing demand for advanced components in satellite and defense technology.
Coinciding with this news, Rocket Lab also recently completed its 70th successful Electron mission, solidifying the Electron rocket's status as the world's most frequently launched small orbital rocket. This operational milestone underscores the company's consistent execution and technological advancements.
Rocket Lab's shares have been extremely volatile, with 74 moves greater than 5% over the past year. However, the latest announcement has significantly impacted the market's perception of the business, leading to a 10.2% jump in the company's stock price during the morning trading session on August 25, 2025.
