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US to invest more than $5 billion in semiconductor R&D

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President Joe Biden displays a semiconductor before signing an executive order, intended to start an effort to insulate the American economy from future shortages of critical imported components, at the White House in Washington on Wednesday, Feb. 24, 2021. The president’s move comes as a global shortage in semiconductors - a key component in cars and electronic devices - has forced several major American auto plants to close or scale back production and sent the administration scrambling to appeal to allies like Taiwan for emergency supplies. (Doug Mills/The New York Times)

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The Biden administration expects to invest more than $5 billion from the CHIPS and Science Act in semiconductor-related research and development, including in the National Semiconductor Technology Center, the White House said in a statement on Friday.

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