White House announces $11bn for chip R&D

Investment aims to protect against expansionist China

clock • 2 min read
White House announces $11bn for chip R&D

The White House plans to allocate $11 billion towards semiconductor-related research and development, aiming to bolster the USA's technological prowess and secure its competitive edge in the global market.

The announcement comes as part of the US government's ambitious National Semiconductor Technology Centre initiative, backed by a $5 billion investment. The Centre, a collaborative effort between th...

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