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Biden-Harris Administration unveils $5bn for National Semiconductor Technology Centre.

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The Biden-Harris Administration has announced $5bn to support semiconductor-related research, development, and workforce needs as part of its plan to bolster domestic manufacturing. This comes as President Biden aims to increase US production of semiconductors, which currently accounts for less than 10% of the global supply. The funds will be used to develop the National Semiconductor Technology Centre (NSTC), which will support the design, prototyping, and piloting of next-generation semiconductor technologies. The NSTC will engage senior leaders from various federal agencies to ensure the US leads the way in semiconductor innovation. The investment is part of the CHIPS and Science Act, which aims to reduce the time and cost of commercializing new technologies. The act includes a total funding of $11bn for various programs, including the NSTC.

The Biden-Harris Administration has announced $5bn to support semiconductor-related research, development, and workforce needs as part of its plan to bolster domestic manufacturing. This comes as President Biden aims to increase US production of semiconductors, which currently accounts for less than 10% of the global supply. The funds will be used to develop the National Semiconductor Technology Centre (NSTC), which will support the design, prototyping, and piloting of next-generation semiconductor technologies. The NSTC will engage senior leaders from various federal agencies to ensure the US leads the way in semiconductor innovation. The investment is part of the CHIPS and Science Act, which aims to reduce the time and cost of commercializing new technologies. The act includes a total funding of $11bn for various programs, including the NSTC.

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