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President Joe Biden’s administration plans to launch a $5 billion semiconductor research consortium to bolster chip design and hardware innovation in the US and counter China’s efforts to capture the cutting edge of the industry.
Officials on Friday are set to formally establish the National Semiconductor Technology Center, or NSTC, which marks the second major research and development investment from the 2022 Chips Act following a $3 billion advanced packaging initiative.
The consortium plans to invest hundreds of millions of dollars into workforce development and intends to open funding applications in early March for research grants, Commerce Undersecretary for Standards and Technology Dr Laurie E. Locascio said in an interview with Bloomberg News. Officials are working to prevent China from benefiting from NSTC-funded research while filling gaps in the US research ecosystem for key areas like packaging and hardware, she said, as electronic components have become a key US-China battleground.
“They’re investing quite a few dollars on chip design and chip manufacturing in China right now, as our main competitor,” Locascio said.
First Published: Feb 10 2024 | 12:15 AM IST
