February 11, 2024
1 min read

US announces over $5 bn investment in chip-related R&D

It will also help leverage shared facilities and expertise to ensure innovators have access to critical capabilities and build a skilled and diverse semiconductor workforce…reports Asian Lite News

The Joe Biden-Kamala Harris administration has announced to invest over $5 billion in semiconductor-related research, development and workforce needs.

The investment will empower the National Semiconductor Technology Center (NSTC), to advance Biden’s goals of driving R&D in the US.

The NSTC will ensure the US leads the way in the next generation of semiconductor technologies by supporting the design, prototyping, and piloting of the latest semiconductor technologies, the White House said in a statement late on Friday.

It will also help leverage shared facilities and expertise to ensure innovators have access to critical capabilities and build a skilled and diverse semiconductor workforce.

As part of the implementation of the CHIPS and Science Act, the investments “advance US leadership in semiconductor R&D, cut down on the time and cost of commercialising new technologies, bolster US national security, and connect and support workers in securing good semiconductor jobs,” said the statement.

The US currently produces less than 10 per cent of global supply and none of the most advanced chips. The CHIPS and Science Act aims to change that by making a “historic investment” in US semiconductor manufacturing, research and development (R&D), and the workforce.

The CHIPS R&D programme includes $11 billion in total funding to advance four programess — the NSTC, the National Advanced Packaging Manufacturing Programme (NAPMP); the CHIPS Metrology Programme; and the CHIPS Manufacturing USA Institute.

“The NSTC will bring together and support government, industry, labor, customers, suppliers, educational institutions, entrepreneurs, and investors to accelerate the pace of new innovations, lower barriers to participation in semiconductor R&D, and directly address fundamental needs for a skilled, diverse semiconductor workforce,” said the US government.

ALSO READ-Hundreds of thousands protest against far right in Germany

Previous Story

Google to combat misinformation ahead of EU polls

Next Story

UAE warns against Israel launching opes in Rafah

Latest from -Top News

Qatar: No Set Deadline for Gaza Talks

A new round of indirect talks between Hamas and Israel resumed on July 6 in Doha amid international efforts to end the conflict that has devastated Gaza…reports Asian Lite News Indirect talks

Trump: ‘Zelenskiy Shouldn’t Target Moscow’

When asked whether the United States would send long-range missiles to Ukraine, Trump replied, “No, we’re not looking to do that.”…reports Asian Lite News US President Donald Trump denied encouraging Ukraine to

India to Aid Ray Home Restoration in Bangladesh

India noted that the property, currently owned by the Government of Bangladesh, “is in a state of disrepair”….reports Asian Lite News The Government of India has expressed deep regret over the ongoing

Sri Lanka, India Deepen Ties

The delegation, including 24 leaders from across 14 political parties of Sri Lanka, began their two-week visit to India on Wednesday….reports Asian Lite News A 24-member Sri Lankan delegation met Foreign Secretary

Jaishankar Flags Pahalgam Attack at SCO Meet

In his address, EAM Jaishankar spotlighted that the meeting is taking place at a time of “considerable disorder” in the international system….reports Asian Lite News Highlighting the dastardly April 22 terrorist attack
Go toTop