The Biden Administration on Friday, announced the Investment of $5 billion in a newly established Public-Private Consortium aimed at supporting Research and Development in Advanced Computer Chips.
The National Semiconductor Technology Center, is being Funded through the CHIPS and Science Act, the 2022 Law that aims to Reinvigorate the Computer-Chip sector in the U.S., through tens of billions of dollars in Targeted Government Support.
Stakeholders in the Chips Industry gathered at the White House, to discuss how the Center should Prioritize Research and Worker Ttraining, for an Industry poised to Expand thanks to Government backing.
The Coronavirus Pandemic exposed the Risks to both the U.S.’s Economy and National Security, due to an Overdependence on Taiwan for Advanced Chips, while the emergence of Artificial Intelligence (AI), is likely to push Demand for Newer and more Innovative Chips upward.
“This is an inflection point in the industry,” Commerce Secretary Gina Raimondo (D), told the Group. “Not just because we’re dangerously dependent on one country for so many of our chips, but because AI is going to lead to an explosion of demand for chips, for sophisticated chips, more energy-efficient chips, cost-effective chips.”
The Center would help Fund the Design and Prototyping of New Chips, in addition to Training Workers for the Sector.
Companies say they need a Skilled Workforce, in Oorder to Capitalize on the separate $39 billion being provided by the Government, to Fund New and Expanded Computer-Chip Plants.
Raimondo said there will be “a drumbeat” of Funding announcements for Companies in the next Six to 12 weeks.
The Sector would likely Increase rapidly, in terms of its need for Highly Specialized Workers.
The Labor Department Data, says that about 375,000 People are Employed in the Production of Computer Chips, with an average Income of $82,830.
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