Biden announces $5B for chips R&D

By Associated Press

Feb 12, 2024 12:30 am

WASHINGTON: The Biden administration on Friday (Saturday in Manila) 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.

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