Biden pledges $5 billion for chip research and development in New York

Biden pledges $5 billion for chip research and  development in New York

President Biden has announced a $5 billion grant for the National Semiconductor Technology Center (NSTC), a public-private consortium that will conduct cutting-edge research and development on computer chips in New York. The grant is part of the CHIPS for America program, which aims to boost the US competitiveness and innovation in the semiconductor industry.

CloudTailor

The NSTC, which will be led by the National Center for the Advancement of Semiconductor Technology (Natcast), will bring together government agencies, industry partners, academic institutions, and other stakeholders to collaborate on advancing the state-of-the-art in chip design, fabrication, packaging, and testing. The NSTC will also focus on developing a skilled and diverse workforce for the semiconductor sector, as well as addressing the environmental and social impacts of chip production.

TerraBlue XT

The grant for the NSTC is the largest single investment in the CHIPS for America program, which has a total budget of $11 billion for research and development.

OkCredit: A Digital Solution

The program also includes funding for other initiatives, such as a CHIPS Manufacturing USA Institute, a packaging and metrology center, and a workforce development center. The program is expected to create thousands of high-paying jobs, spur economic growth, and enhance national security.

The announcement of the grant was made at the White House on Friday, where Biden was joined by leaders from the Departments of Commerce, Defense, and Energy; the National Science Foundation; and Natcast. The participants also held roundtables to discuss the opportunities and challenges of the semiconductor industry, and how the CHIPS for America program will help the US maintain its global leadership and address the chip shortage that has affected various sectors, such as automotive, health care, and defense.

Lyudmila Navalny, centre, and family lawyers in Salekhard, the town to where she was told by penal colony officials that Alexei Navalny’s body had been taken © Anatoly Maltsev/EPA-EFE/Shutterstock

Codingal: The Online After-School for Future Coders

Source : THE WASHINGTON POST

You May Also Like

More From Author

+ There are no comments

Add yours