U.S. Department of Commerce

U.S. Department of Commerce

District of Columbiacommerce.gov

Overview

The United States Department of Commerce (DOC) is an executive department of the U.S. federal government responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing economic development, promoting foreign direct investment, and safeguarding national economic security . The Department works to create jobs through sustainable development, economic growth, favorable international trade terms, and the accessibility of high technology .

Year Founded

1903

Portfolio Companies

7

Investments

CompanyDateStageLead
LeoLabsDec 2025ContractCo-investor
Vulcan ElementsNov 2025Public-Private PartnershipCo-investor
LeoLabsSep 2025GrantCo-investor
Hemlock SemiconductorsOct 2024GrantLead
Polar SemiconductorSep 2024Early FundingLead

Key People

Ahmad Khalil

Managing Director, Risk Analytics

Blake Doll

CHIPS Program Office - Investment Principal

Bruna M. Chernicoff

Compliance Principal, CHIPS Program Office

Charlie Olmert

Investment Principal, CHIPS Program Office

Josiane I.

Investment Principal, CHIPs Investment Office

Sean Timmins

Principal Commercial Officer

Shane Macedonio

Investment Principal

Shari Stout

Principal Commercial Officer

Zakee Howard

Senior Economic Risk Principal At CHIPS For America

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersDistrict of Columbia
Year Founded1903

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