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

All Eyes on EC After Crucial Awami League Ban

The CEC said that the election body cannot take any decision on the basis of newspaper or TV reports….reports Asian Lite News Chief Election Commissioner AMM Nasir Uddin stated that the Election

Maldives Thanks India for $50M Support

Maldivian Foreign Minister Abdulla Khaleel thanked External Affairs Minister (EAM) S. Jaishankar…reports Asian Lite News On Monday, the Maldives thanked India for extending a $50 million Government Treasury Bill, aiding the island

Pakistan: No Indian Pilot in Custody

The clarification from DGISPR put to rest all speculations that Pakistan may have downed an Indian fighter jet and taken into custody a female Indian Air Force (IAF) pilot…reports Asian Lite News

Bangladesh Can’t Afford This Ban

Eliminating one of the country’s two dominant parties risks dismantling the multiparty framework essential to democratic governance. …reports Asian Lite News In the intricate political landscape of South Asia, the Awami League

Taliban Bans Chess in Afghanistan

The decision places chess-related activities on hold indefinitely in Afghanistan….reports Asian Lite News The Taliban has banned chess in Afghanistan due to religious concerns, continuing its opposition to various forms of entertainment
Go toTop