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  • Writer's pictureBy The Financial District

White House Touts $11-B U.S. Semiconductor R&D Program

The White House has highlighted the US government's plan to allocate $11 billion towards semiconductor-related research and development, including the launch of the $5 billion National Semiconductor Technology Center (NSTC), as reported by David Shepardson for Reuters.


Congress passed the Chips and Science Act in August 2022, approving $52.7 billion, with $39 billion designated for semiconductor production subsidies and $11 billion for research and development. I Photo: The White House



Congress passed the Chips and Science Act in August 2022, approving $52.7 billion, with $39 billion designated for semiconductor production subsidies and $11 billion for research and development.


Additionally, the law introduces a 25% investment tax credit for building chip plants, estimated at $24 billion.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The NSTC will serve as a hub for research and prototyping of advanced semiconductor technology. US Commerce Secretary Gina Raimondo emphasized that the center fosters a public-private partnership to encourage innovation and competitiveness, bringing together various stakeholders including government, industry, academia, and venture capitalists.




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