NVDA - Biden Administration Unveils $285M Funding For Semiconductor Institute | Benzinga
Today, the Biden-Harris Administration issued a Notice of Funding Opportunity (NOFO) asking for proposals from qualified applicants for activities to establish and operate a CHIPS Manufacturing USA institute focused on digital twins for the semiconductor industry.
Digital twins are virtual models that mimic the structure, context, and behavior of a physical counterpart. The CHIPS for America Program predicts up to approximately $285 million for a first-of-its-kind institute focused on developing, validating, and using digital twins for semiconductor manufacturing, advanced packaging, assembly, and test processes.
The CHIPS Manufacturing USA institute is the first Manufacturing USA institute launched by the Department of Commerce under the Biden Administration.
This move aligns with the 2022 Chips and Science Act, providing a substantial $11 billion allocation dedicated to semiconductor research and development. The initiative aims to steer the U.S. towards advanced chip technology, thereby lessening dependence ...