US Launches $5 Billion Investment in Semiconductor R&D
The Biden administration's funding aims to bolster domestic semiconductor research and development, marking a significant push towards revitalizing the US microchip industry.
- The US government announces a $5 billion investment in the CHIPS R&D program, focusing on the National Semiconductor Technology Center (NSTC) to enhance semiconductor sector skills.
- The investment is part of a larger $53 billion CHIPS and Science Act package, designed to support onshore semiconductor manufacturing and R&D in the US.
- The NSTC, a public-private consortium, will serve as a hub for accelerating semiconductor R&D, bringing together government, industry, and academic stakeholders.
- Additional R&D programs include a National Advanced Packing Manufacturing Program and a CHIPS Manufacturing USA Institute, aimed at reducing costs and development cycles.
- The initiative reflects a broader effort to regain US leadership in semiconductor production, amidst global competition and a recent downturn in silicon wafer shipments.
The Register 
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Reuters 