US to Launch $5 Billion Research Hub in China Chips Race
- Officials seek to prevent China from benefiting from funding
- R&D effort seeks to fill hardware, packaging innovation gaps
The consortium intends to open funding applications in early March for research grants.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
President Joe Biden’s administration plans to launch a $5 billion semiconductor research consortium to bolster chip design and hardware innovation in the US and counter China’s efforts to capture the cutting edge of the industry.
Officials on Friday are set to formally establish the National Semiconductor Technology Center, or NSTC, which marks the second major research and development investment from the 2022 Chips Act following a $3 billion advanced packaging initiative.