"White House Commits $5 Billion to Boost US Chip Research and Development"

The Biden administration has announced a $5 billion investment in the National Semiconductor Technology Center to support research and development in advanced computer chips, aiming to reduce the overdependence on Taiwan and meet the increasing demand for innovative chips due to the rise of artificial intelligence. The center will fund chip design, prototyping, and worker training, while also supporting the $39 billion government funding for new chip plants, with a focus on creating a skilled workforce to meet the industry's growing needs.