(Reuters) -The Biden administration on Thursday introduced an $825 million funding in a brand new semiconductor analysis and improvement facility in Albany, New York, aiming to spice up high-tech manufacturing and cut back reliance on international expertise.
The New York facility might be anticipated to drive innovation in EUV expertise, a posh 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 ability “represents a key milestone in making certain the USA stays a worldwide chief in innovation and semiconductor analysis and improvement,” Commerce Secretary Gina Raimondo mentioned.
Final yr, Raimondo had mentioned she would make a number of funding awards, which may drastically reshape U.S. chip manufacturing.
The announcement comes days after the Biden administration mentioned it’s finalizing guidelines that can restrict U.S. investments in synthetic intelligence and different expertise sectors in China that would threaten U.S. nationwide safety.
The brand new guidelines are on account 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 expertise.
