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
  • 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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