Biden's $285M Bet on Virtual Semiconductors to Revitalize U.S. Chip Production
May 7, 2024![Biden's $285M Bet on Virtual Semiconductors to Revitalize U.S. Chip Production](https://cdn.brief.news/images/stories/9bf281e74ac1ff9e49aef5446964b6a113ac843e658a0186cf658e559057d495a235dfaab05ff768aadff907268b4288276863121fc60b74af9f1314af78293e.png)
The Biden administration is investing $285 million in the CHIPS Manufacturing USA institute to develop semiconductor digital twins.
The initiative aims to increase domestic production of semiconductors, lower costs, and enhance collaborative design efforts.
Eligibility for funding extends to U.S.-based companies, universities, and non-profits interested in building and operating the institute.
Digital twins will be cloud-hosted to facilitate design, testing, and analysis, accelerating the U.S. in chip design and fabrication.
This investment is part of a broader strategy to boost U.S. semiconductor manufacturing and establish the country as a leader in semiconductor technology innovation.
Summary based on 11 sources
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![Biden administration plans $285M in CHIPS Act funding for digital twins | TechCrunch](https://cdn.brief.news/images/links/9bf281e74ac1ff9e49aef5446964b6a113ac843e658a0186cf658e559057d495a235dfaab05ff768aadff907268b4288276863121fc60b74af9f1314af78293e.jpg)
TechCrunch • May 6, 2024
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Gizmodo • May 6, 2024
Biden Administration Asks Companies to Build 'Digital Twins' of AI Chips