Biden administration announces $5 billion commitment for research and development of computer chips
The Biden administration on Friday will announce the investment of $5 billion in a public-private consortium aimed at supporting research and development in advanced computer chips.
WASHINGTON — The Biden administration on Friday announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips.
The National Semiconductor Technology Center is being funded through the CHIPS and Science Act. That 2022 law aims to reinvigorate the computer chip sector within the United States through tens of billions of dollars in targeted government support.
Stakeholders in the chips industry gathered on the White House campus to discuss how the center should prioritize research and worker training for an industry poised to expand because of government backing. The coronavirus pandemic exposed the risk to the economy and national security of an overdependence on Taiwan for advanced chips, while the emergence of artificial intelligence is likely to push demand for newer and more innovative chips upward.
U.S. Commerce Secretary Gina Raimondo during a visit to BAE Systems, in Nashua, N.H., last year.Steven Senne / AP file“This is an inflection point in the industry,” Commerce Secretary Gina Raimondo told the group. “Not just because we’re dangerously dependent on one country for so many of our chips, but because AI is going to lead to an explosion of demand for chips, for sophisticated chips, more energy-efficient chips, cost-effective chips.”
The center would help to fund the design and prototyping of new chips, in addition to training workers for the sector.
Rating: 5