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The Biden Administration Announces $5 Billion for CHIPS R&D

The Biden Administration Announces $5 Billion for CHIPS R&D

Leaders from the White House, Departments of Commerce, Defense, and Energy; and the National Science Foundation recently gathered to announce over $5 billion in expected investment in the CHIPS R&D program, including funding for the National Semiconductor Technology Center (NSTC). The announcement included hundreds of millions of dollars of expected investment in the semiconductor workforce, along with specific funding announcements in packaging, metrology, and a CHIPS Manufacturing USA Institute. 

The NSTC is the centerpiece of CHIPS for America’s $11 billion research and development (R&D) program designed to bring together government, industry, labor, customers, suppliers, educational institutions, entrepreneurs, and investors to accelerate the pace of new innovations from idea to marketplace. As a public-private consortium, the NSTC will lower the barriers to participation in semiconductor R&D to create a more vibrant national ecosystem and to directly address fundamental needs for a skilled, diverse semiconductor workforce. 

With the official launch of the NSTC consortium, there are opportunities to express interest in joining the NSTC. Further information about this may be found on the Natcast website.   
 
To read the full announcement, visit: https://www.nist.gov/news-events/news/2024/02/biden-harris-administration-launches-next-phase-over-5-billion-chips-rd

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