Biden Administration Allocates $285M for Digital Twin Semiconductor Tech

May 6, 2024, 10:01 AM

The Biden administration has announced plans to allocate $285 million in funding from the CHIPS Act to support the development of digital twin technology in the semiconductor industry. This initiative aims to enhance semiconductor manufacturing through the creation of virtual models that can improve production processes without disruption. The funding will be used to establish a CHIPS Manufacturing USA institute focused on digital twins, with applications now open for proposals from eligible entities.