Biden announces $5B for chips R&D
21 Feb 2024
The Biden administration on Friday (Saturday in Manila) announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips.
The National Semiconductor Technology Center is being funded through the CHIPS and Science Act. That 2022 law aims to reinvigorate the computer chip sector within the United States through tens of billions of dollars in targeted government support.
''This is an inflection point in the industry,'' Commerce Secretary Gina Raimondo told the group. ''Not just because we're dangerously dependent on one country for so many of our chips, but because artificial intelligence (AI) is going to lead to an explosion of demand for chips, for sophisticated chips, more energy-efficient chips, cost-effective chips.''
https://www.manilatimes.net/2024/02/12/business/foreign-business/biden-announces-5b-for-chips-rd/1932162
The National Semiconductor Technology Center is being funded through the CHIPS and Science Act. That 2022 law aims to reinvigorate the computer chip sector within the United States through tens of billions of dollars in targeted government support.
''This is an inflection point in the industry,'' Commerce Secretary Gina Raimondo told the group. ''Not just because we're dangerously dependent on one country for so many of our chips, but because artificial intelligence (AI) is going to lead to an explosion of demand for chips, for sophisticated chips, more energy-efficient chips, cost-effective chips.''
https://www.manilatimes.net/2024/02/12/business/foreign-business/biden-announces-5b-for-chips-rd/1932162