"White House Commits $5 Billion to Boost US Semiconductor Research and Development"
TL;DR Summary
The Biden administration is set to announce a $5 billion investment in the National Semiconductor Technology Center, a public-private consortium focused on advancing research and development in computer chips. This initiative, funded through the CHIPS and Science Act, aims to revitalize the U.S. computer chip sector by supporting R&D, design, prototyping, and workforce training. The investment is part of a broader effort to bolster the industry, with an additional $39 billion allocated for new and expanded chip plants, as industry leaders and stakeholders prepare to gather at the White House for the announcement.
Topics:business#biden-administration#chips-and-science-act#computer-chips#national-semiconductor-technology-center#research-and-development#technology
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- US chipmakers don't have enough workers. Biden hopes a new $5 billion plan will help. Yahoo Finance
- White House investing $5 billion in chips: Here's what to know CNBC
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