Secretary of Commerce Howard Lutnick announced on March 5 that the agency will be conducting a review of the Federal government’s Broadband Equity, Access, and Deployment (BEAD) Program with an aim to provide internet access for the lowest cost.

The Department of Commerce’s Economic Development Administration (EDA) said today that it plans to award approximately $210 million in additional funding to six designated Tech Hubs, bringing the total funding for Tech Hubs implementation to over $714 million across 18 hubs in 21 states.

The Department of Commerce announced today that it has entered into a preliminary agreement with Polar Semiconductor to provide the company with $120 million under the CHIPS and Science Act to expand the company’s semiconductor manufacturing facility in Bloomington, Minnesota.