Commerce Dept. Outlines Plans To Fund Cutting-Edge Chip Research

The Biden administration outlined plans on Tuesday to propel research on the type of cutting-edge microchips needed to power computers, cars and other devices, saying it would establish a new national organization with locations in various parts of the United States. From a report: The Commerce Department, which is in charge of the administration's efforts to revitalize the American chip industry, said its new National Semiconductor Technology Center would bring together companies, universities and others to collaborate on next-generation chip technology. The organization would include a string of research centers, the locations of which have yet to be chosen, and aim to be operational by the end of this year. The organization would help "regain America's leadership in research and development and technologies of the future and, importantly, make sure we stay there for decades to come," Gina Raimondo, the commerce secretary, said in a briefing Monday. "It's a place where industry and academia and start-ups and investors can come together to solve the biggest, grandest challenges and set priorities," she added. The plans are part of the Biden administration's effort to reinvigorate semiconductor manufacturing and ensure that the United States has a steady supply of chips necessary to feed its factories and support its national defense. The Commerce Department has been charged with doling out $50 billion to revitalize the industry, including $11 billion devoted to research and development.

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