The investment is being implemented under the Chips and Science Act, as the country continues its efforts to boost its capabilities in the sector.
The US expects to invest more than $5bn in its semiconductor R&D industry, according to an announcement released today (9 February).
The investment, which is being implemented under the Chips and Science Act, will primarily benefit the National Semiconductor Technology Center (NSTC), a public-private R&D consortium established to combine and support public and private sectors to “accelerate the pace of new innovations, lower barriers to participation in semiconductor R&D and directly address fundamental needs for a skilled, diverse semiconductor workforce”.
According to a statement from the White House, this investment intends to “advance US leadership in semiconductor R&D, cut down on the time and cost of commercialising new technologies, bolster US national security, and connect and support workers in securing good semiconductor jobs”.
As well as the $5bn investment intended to boost the operational capabilities of the NSTC, the Biden administration also announced plans to invest “hundreds of millions of dollars” into the NSTC’s workforce efforts, including the creation of a Workforce Center of Excellence with a presence in multiple regions.
The NSTC will leverage workforce investments to achieve a number of objectives in the areas of education and training, such as piloting initiatives to engage underserved community