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

Hasina’s Defiant Words Before Ouster

Reportedly before leaving Hasina wanted to record a farewell speech to be aired on television, but military officials declined….reports Asian Lite News Following a violent student uprising last year, the Bangladeshi military

FS Misri in US to Boost Tech, Trade Ties

The meeting, held in Washington, focused on strengthening existing frameworks and building momentum on key tech and trade initiatives…reports Asian Lite News Foreign Secretary Vikram Misri on Wednesday (India time) met with

Activists Targeted Again in Balochistan

The Baloch Yakjehti Committee (BYC) on Tuesday condemned the enforced disappearance of Baloch leader Ghani Baloch, blaming Pakistan’s Law Enforcement Agencies and Frontier Corps….reports Asian Lite News The Baloch Yakjehti Committee (BYC),

Islamabad-Ankara-Baku Axis Sharpens Against India

Both Turkey and Azerbaijan have openly expressed solidarity with Pakistan and backed Islamabad in its military standoff with India, this month….reports Asian Lite News The evolving alliance between Islamabad, Ankara, and Baku

India Targets Pak Terror Ties in Guyana

The delegation met the Guyanese President, Mohamed Irfaan Ali, who had hosted a dinner to celebrate friendship and shared aspirations between the two nations…reports Asian Lite News Congress leader Shashi Tharoor, currently
Go toTop