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The CHIPS Act, backed by President Biden, allocates $280 billion towards semiconductor advancement, with major technology companies including Intel and Micron among the beneficiaries.

Benzinga LogoBenzinga1w ago

The CHIPS Act, backed by President Biden, allocates $280 billion towards semiconductor advancement, with major technology companies including Intel and Micron among the beneficiaries. - Benzinga

Quick Summary:

According to The Verge, this initiative includes the establishment of the CHIPS Manufacturing USA institute, which seeks to create regional networks for collaboration and resource-sharing among companies developing both physical semiconductors and their digital twins.

The Biden administration aims to leverage the $280 billion CHIPS and Science Act to attract semiconductor companies focusing on digital twins, virtual representations of physical chips.

Digital twins enable easier simulation of chip behavior, aiding in testing new processors before production.

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The CHIPS Act, backed by President Biden, allocates $280 billion towards semiconductor advancement, with major technology companies including Intel and Micron among the beneficiaries. - Benzinga (Picture 1)

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Article Details

Author / Journalist: Franca Quarneti

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-06 @ 17:46:02 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20896304

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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