US to Fund ‘Digital Twin’ Projects for Chips With $285 Million
- Federal awards to be used for a new technology institute
- Chips Act allocates $11 billion for research and development
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The Biden administration is opening applications for $285 million in federal funding to set up an institute focused on digital twin technology for the semiconductor industry, which uses virtual models of components to help reduce development and manufacturing costs.
The funding is part of the 2022 Chips and Science Act, which includes $11 billion for semiconductor research and development. Officials said they anticipate the investment will help the US pivot to more advanced chip technology as it’s developed, limiting reliance on foreign supply chains.