The US government is set to invest $5 billion in the research and development of computer chips through a newly established public-private consortium. The National Semiconductor Technology Center, funded by the CHIPS and Science Act, aims to support advanced chip technology within the United States. The investment comes as a response to the risks exposed by the coronavirus pandemic and the increasing demand for innovative chips due to the emergence of artificial intelligence.
Commerce Secretary Gina Raimondo emphasized the significance of this investment, stating that it marks an inflection point in the industry. The overdependence on Taiwan for advanced chips poses a risk to the economy and national security, while the demand for more energy-efficient and cost-effective chips driven by AI is expected to skyrocket.
The funding provided by the center will be used to support the design and prototyping of new chips, as well as training workers for the sector. This investment aligns with the separate $39 billion being provided by the government to fund the establishment and expansion of computer chip plants. Companies in the industry highlight the need for a skilled workforce to capitalize on these funds.
The sector is anticipated to experience rapid growth in terms of the need for highly specialized workers. According to the Labor Department, approximately 375,000 individuals are currently employed in the production of computer chips, with an average income of $82,830.
Moving forward, there is expected to be a series of funding announcements for companies in the industry within the next six to twelve weeks. The aim is to strengthen the US semiconductor sector and reduce reliance on other countries.
The US government’s investment in the development of computer chips is part of a broader strategy to reinvigorate the industry and ensure its competitiveness on a global scale. By supporting research, development, and worker training, the government aims to drive innovation, create jobs, and bolster national security. The future of the chip industry hinges on advancements in technology and meeting the increasing demand for advanced, efficient, and cost-effective chips.
