{"id":52832,"date":"2024-11-14T14:46:44","date_gmt":"2024-11-14T14:46:44","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=52832"},"modified":"2024-11-14T14:46:44","modified_gmt":"2024-11-14T14:46:44","slug":"160m-funding-to-boost-us-semiconductor-manufacturing","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/160m-funding-to-boost-us-semiconductor-manufacturing\/52832\/","title":{"rendered":"$160m funding to boost US semiconductor manufacturing"},"content":{"rendered":"

The United States Department of Defense has announced a new $160m investment to bolster US semiconductor manufacturing.<\/h2>\n

This funding, part of the bipartisan CHIPS and Science Act<\/a>, supports the Microelectronics Commons, a network of eight technology hubs dedicated to advancing the nation’s semiconductor production capabilities.<\/p>\n

This latest allocation follows earlier CHIPS Act investments, totalling nearly $269m in September<\/a> and nearly $240m the previous year<\/a>, to strengthen the United States’ global semiconductor leadership.<\/p>\n

Strengthening US semiconductor manufacturing: The role of the hubs<\/h3>\n

Of the latest $160m, $148m will be directed toward Microelectronics Commons Hubs to support infrastructure, operations, and workforce development.<\/p>\n

This investment, distributed across the eight established hubs, targets regional semiconductor innovation and workforce readiness.<\/p>\n

Each hub collaborates with local universities, research foundations, and industry leaders to address key challenges in the US semiconductor manufacturing industry.<\/p>\n

Here’s a closer look at the funding distribution:<\/p>\n