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.
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 targeted government support.
“We need to be building for the future and that means making investments in R&D,” Commerce Secretary Gina Raimondo said to reporters in a call previewing the financial commitment.
The center would help to fund the design and prototyping of new chips, in addition to training workers for the sector. Companies say they need a skilled workforce in order to capitalize on the separate $39 billion being provided by the government to fund new and expanded computer chip plants. Labor Department data say that about 375,000 people are employed in the production of computer chips with an average income of $82,830.
Industry leaders and stakeholders plan to gather at the White House on Friday for the announcement, according to government officials.
—By Josh Boak, Associated Press
Login to add comment
Other posts in this group
Meghan, Duchess of Sussex’ latest season of her reality show, With Love, Meghan, drops today on Netflix. In line with the stream
For understandable reasons, most technology coverage tends to focus more on the physical or visual
The United States’ hourly demand for electricity broke two records last month, reaching its highest-ever level—759,190 megawatts
A typical physician’s job is much more than just seeing patients. In fact, most doctors spend hours every week outside of clinic hours catching up on typing notes and getting visits and trea
Agentic AI is being heralded as the future of the generative AI revolu
Digital hoarders, unite! I have a game on my PC that I haven’t played in months, and it’s taking up more than 100 GB of disk space. There, I said it.
This is a scenario most of us find o
