Rocket Lab to Receive $23.9 Million for Satellite Semiconductor Boost The U.S. Commerce Department announced on Tuesday that it plans to award Rocket Lab $23.9 million. This funding aims to significantly enhance the production of compound semiconductors used in satellites and spacecraft. Strengthening Space-Grade Semiconductor Supply The grant will benefit Rocket Lab’s subsidiary, SolAero Technologies Corp. According to the department, this investment will “create a more robust and resilient supply of space-grade solar cells that power spacecraft and satellites.” Additionally, it aims to “increase Rocket Lab’s compound semiconductor production by 50% within the next three years.” Support from the Biden…
Author: Arushi Pandey
Codelco and SQM Partnership on Track Despite Tianqi Challenge A plan to start a partnership between Chilean state miner Codelco and the world’s second-largest lithium producer SQM is set for next year. This is according to Codelco chairman Maximo Pacheco, despite a possible challenge from major SQM shareholder, China’s Tianqi. Partnership Details and Future Prospects Codelco and SQM recently finalised terms allowing SQM to boost production until 2060 in Chile’s valuable Atacama salt flat. This deal gives Codelco a majority stake in SQM’s operations. The collaboration will position the state prominently in the development of lithium, a crucial metal for…
