Biden Administration Invests $5 Billion in Semiconductor R&D

The investment aims to bolster U.S. leadership in chip manufacturing and diversify the industry, despite slow initial spending.

The Biden administration commits $5 billion to a public-private consortium for research and development of computer chips, aiming to advance U.S. leadership in the field.
This initiative is part of the broader $53 billion Chips and Science Act, which seeks to revitalize American microchip industry and reduce dependency on foreign semiconductor manufacturing.
Historically Black Colleges and Universities (HBCUs) are highlighted as key partners in diversifying the semiconductor industry and enhancing the talent pool.
Despite the ambitious goals, the U.S. share of global semiconductor manufacturing has decreased, with the government spending less than half a percent of the committed funds so far.
The initiative includes plans for a new training facility, workforce development, and the establishment of the National Semiconductor Technology Center (NSTC) to foster innovation.