US to Fund Chip ‘Digital Twins’ Center to Cut R&D Costs
- New $1 billion center slated to win $285 million via Chips Act
- Officials aim to reduce chip development times by a third
The Chips Act set aside $39 billion in grants to boost domestic semiconductor manufacturing and $11 billion for research and development efforts.
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The US plans to award $285 million to a new semiconductor research center focused on digital twin technology, with the goal of reducing the cost and time of chip development by roughly a third.
The institute — a total $1 billion investment — will be headquartered in North Carolina and run by the Semiconductor Research Corp., an existing industry consortium. The Commerce Department announced Tuesday that it is entering negotiations with the SRC to provide funding from the 2022 Chips and Science Act.