Biden Calls for $50 Billion to Boost U.S. Chip Industry

https://www.wsj.com/articles/biden-urges-50-billion-to-boost-chip-manufacturing-in-u-s-11617211570

Biden Calls for $50 Billion to Boost U.S. Chip Industry

President Biden’s expansive infrastructure proposal includes $50 billion for the American semiconductor industry, whose lobbying efforts have gained momentum amid a global chip shortage and fears that China might be overtaking the U.S. in a critical technology.

https://www.forbes.com/sites/martingiles/2021/04/01/bidens-180-billion-plan-prioritizes-key-technologies/?sh=126f6aca737d

Biden’s $180 Billion R&D Plan Prioritizes Key Areas Such As Chips, Quantum Computing

Among the sectors earmarked for the money are advanced computing, which includes quantum computers, as well as semiconductor design and manufacturing.These have become central to the U.S.’s technological rivalry with China, which sees quantum computing and specialized chips powering artificial intelligence applications as once-in-a-lifetime opportunities to leapfrog America in high tech innovation.