The White House announced a significant investment of $11 billion in semiconductor-related research and development, alongside the launch of the $5 billion National Semiconductor Technology Center.
This initiative stems from the Chips and Science Act passed by Congress in August 2022, which allocates $52.7 billion for semiconductor production subsidies and research.
U.S. Commerce Secretary Gina Raimondo emphasized the center's role in promoting innovation and competitiveness on a global scale.
The National Semiconductor Technology Center, a public-private partnership, will lead advanced semiconductor research and prototyping, fostering collaboration among government, industry, academia, and other stakeholders.
She emphasized the critical role of research and development in strengthening the nation's industrial capabilities.
Energy Secretary Jennifer Granholm highlighted the initiative's importance in supporting domestic chip manufacturing, preventing job loss overseas, and creating new employment opportunities in the United States.
Additionally, the Chips and Science Act creates programs and institutes focused on semiconductor packaging manufacturing and innovation.
The National Semiconductor Technology Center will establish an investment fund to support emerging semiconductor companies in advancing their technologies towards commercialization.
The initiative targets companies like TSMC, Samsung, and Intel, signaling a strategic shift towards domestic semiconductor manufacturing to enhance national security and economic resilience.
Commerce Secretary Raimondo outlined plans to make major awards to fund chip manufacturing within two months, aiming to support the construction of new semiconductor factories and boost production capacity.