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US Commits $11 Billion for Chips Research Project Amid Backlash From Companies - Vimarsana News

US Commits $11 Billion for Chips Research Project Amid Backlash From Companies

The Biden administration is stepping up efforts to fix its shortcoming in chip making, and packaging innovation to keep up with China's inroads in the high-tech sector. But their plan to start a chip research consortium lacks preparedness; they haven't even sorted out where it'll be based, and big chip firms haven't received federal funding in a year and five months.