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White House touts $11 billion US semiconductor R&D program

2024.02.09 12:04


© Reuters. FILE PHOTO: Semiconductor chips are seen on a printed circuit board on this illustration image taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo/File Photo

By David Shepardson

WASHINGTON (Reuters) -The White House on Friday touted the U.S. authorities’s plan to spend $11 billion on semiconductor-related analysis and improvement and mentioned it was launching the $5 billion National Semiconductor Technology Center.

Congress in August 2022 accepted the landmark Chips and Science Act. The legislation offers that $52.7 billion, together with $39 billion in subsidies for semiconductor manufacturing and $11 billion analysis and improvement. It additionally creates a 25% funding tax credit score for constructing chip vegetation, estimated to be price $24 billion.

The centerpiece of the R&D program is the National Semiconductor Technology Center, which can conduct analysis and prototyping of superior semiconductor know-how.

The heart is a “public private partnership that the government, industry customers, suppliers, academics, entrepreneurs, venture capitalists to come together to innovate, connect, network, solve problems and allow Americans to compete and out compete the world,” U.S. Commerce Secretary Gina Raimondo mentioned at a White House occasion.

Energy Secretary Jennifer Granholm mentioned the hassle was a part of an “industrial strategy around chips” to stopping the lack of jobs abroad and add American jobs. “A nation that does not do R&D is a weak nation,” Granholm mentioned on the occasion. “We are not going to be weak anymore.”

NSTC will set up an funding fund to assist rising semiconductor corporations advance applied sciences towards commercialization.

The 2022 legislation additionally creates the National Advanced Packaging (NYSE:) Manufacturing Program and new Manufacturing USA institutes targeted on semiconductors.

Raimondo on Monday mentioned Commerce plans to make a number of main awards to fund chip manufacturing inside two months. “We’re in the process of really complicated, challenging negotiations with these companies,” Raimondo informed Reuters in an interview. She didn’t determine the businesses. In the “next six to eight weeks, you will see several more announcements. That’s what we’re striving for.”

The semiconductor manufacturing program is meant to subsidize chip manufacturing and associated provide chain investments. The awards will assist construct factories and enhance manufacturing.

“These are highly complex, first-of-their-kind facilities” within the U.S., Raimondo mentioned, noting that TSMC, Samsung (KS:), Intel (NASDAQ:), are amongst corporations which have proposed them.

“These are new-generation investments — size, scale complexity that’s never been done before in this country,” Raimondo mentioned.

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