The administration establishes a center for research and a public-private development consortium.
President Biden’s administration has announced a $5 billion investment into domestic semiconductor research and development (R&D), focused on a new technology center and public-private consortium. The center and consortium are the “centerpiece” of the $11 billion allocated to semiconductor R&D in 2022 by the CHIPS and Science Act, and federal leaders expressed their excitement to begin advancing this initiative.
“CHIPS research and development programs are at the core of our greatest innovations and help to find the solutions for the semiconductor industry’s most pressing challenges,” said Secretary of Commerce Gina Raimondo. “With strategic investments in R&D complementing targeted industry incentives, CHIPS for America will not only bring semiconductor manufacturing back to the U.S. – it will keep it here for good.”
As the Lord Leads, Pray with Us…
- For Secretary Raimondo as she heads the Department of Commerce and facilitates federal support for semiconductor manufacturing.
- For officials in the technology center and members of the consortium to be discerning as they guide research and development in the public-private initiative.
Sources: Department of Commerce
