"US Government Commits Billions to Boost Semiconductor Research and Development"

The Biden administration has announced a $5 billion commitment for research and development of computer chips, aiming to advance President Biden's goals of driving innovation in the United States. This initiative includes a partnership with Historically Black Colleges and Universities (HBCUs) to diversify the semiconductor industry and address national security risks, supply chain shortages, and workforce challenges. The HBCU CHIPS Network event brought together HBCU leaders and federal officials to discuss the Chips and Science Act, which provides funds to support domestic semiconductor production. The initiative aims to boost collaboration and research capacity at HBCUs, recognizing their role in promoting diversity and talent in the technology sector.