White House confirms $5 billion from US Chips and Science Act will be used for semiconductor research and development.
The Biden Administration has confirmed that the United States is setting aside billions of dollars for semiconductor-related research and development.
The announcements from both the White House and US Department of Commerce, revealed that more than $5 billion will be invested in a public-private consortium aimed at supporting research and development in advanced computer chips.
The consortium, called the National Semiconductor Technology Center, will receive funding from the US CHIPS and Science Act, which has already been utilised to provide funding to other businesses, in order to bolster domestic chip production in the United States.
Semiconductor R&D. The Biden Administration had signed into law the $52.7 billion US Chips and Science Act in August 2022, which seeks to encourage chip makers to build more semiconductor manufacturing capacity in the United States.
The US Chips and Science Act competes with Europe's 43 billion euro European Chip Act, and China's $40 billion state-backed investment fund - both of which are being used to encourage the building of more chip manufacturing capabilities in their respective locations.
The announcement included hundreds of millions of dollars of expected investment in the semiconductor workforce; along with specific funding announcements in packaging, metrology, and a CHIPS Manufacturing USA Institute.
The Commerce Department said that the NSTC is the centerpiece of CHIPS for America's $11 billion research and development program.
The fact that training workers for the chip sector has been recognised, shows the need for chip manufacturers to have access to a skilled workforce.
Last July for example, TSMC confirmed it would delay the start of chip production at its $40 billion Arizona fab until 2025, due to a shortage of skilled labour.
This Cyber News was published on www.silicon.co.uk. Publication date: Fri, 09 Feb 2024 14:13:03 +0000