(Reuters) -The Biden administration on Thursday introduced an $825 million funding in a brand new semiconductor analysis and growth facility in Albany, New York, aiming to spice up high-tech manufacturing and cut back reliance on overseas know-how.
The New York facility will probably be anticipated to drive innovation in EUV know-how, a fancy course of essential to make semiconductors, the U.S. Division of Commerce and Natcast, operator of the Nationwide Semiconductor Expertise Heart (NTSC) mentioned.
The launch of the power “represents a key milestone in ensuring the United States remains a global leader in innovation and semiconductor research and development,” Commerce Secretary Gina Raimondo mentioned.
Final 12 months, Raimondo had mentioned she would make a number of funding awards, which might drastically reshape U.S. chip manufacturing.
The announcement comes days after the Biden administration mentioned it’s finalizing guidelines that may restrict U.S. investments in synthetic intelligence and different know-how sectors in China that would threaten U.S. nationwide safety.
The brand new guidelines are because of come into impact on Jan. 2 and are a part of a broader push to forestall U.S. know-how from serving to the Chinese language to develop subtle know-how.
