05:26 AM EDT, 08/25/2025 (MT Newswires) -- Rocket Lab ( RKLB ) said Friday the US Government will support it with $23.9 million award through the Department of Commerce, part of the CHIPS and Science Act.

The company said that with this, it will boost its investments in the US to expand semiconductor manufacturing capacity and provide supply chain security for space-grade solar cells and electro-optical sensors for national security space missions.

It further noted that it will double the production capacity of compound semiconductors and space-grade solar cells from 20,000 wafers to nearly 35,000 wafers per month.

Shares of Rocket Lab ( RKLB ) added more than 1% in recent premarket activity Monday.