US to Launch $5 Billion Research Hub in China Chips Race

Bloomberg s on Friday are Joe Biden ormally establish the National Semic $5 billion echnology Center.

The consortium plans to invest hundreds of millions of dollars into w US kforce develo China and will offer grants for semiconductor research.

Officials are work Bloomberg event China fr Friday efiting from NSTC-funded resear the National Semiconductor Technology Center syste NSTC span class="summar second highLightText__NxlGi">Bloomberg L.P. 2022 = Chips Act eed_highLight $3 billion i">2024 hundreds of millions of dollars Most Read from Commerce Undersecretary for Standards and Technology Dr. a Laurie E. Locascio ed_highLightText__NxlGi">ninth third early March aryF Commerce LightText__NxlGi">Commerce China d_highLightText__NxlGi NSTC oomberg News US _highLightText__NxlGi">NSTC Natcast US y China highLightText__ Read More: A New Front Is Opening Up lass="su US aryFeed_highLightText__NxlGi">Deirdre Hanford a few dollars ="summaryFeed_highLightText__NxlGi">Indian China an> Locascio NxlGi">New York Ohio TexasIP n> Locascio zona Locascio Chinese tText__NxlGi">NSTC US Feed_highLightText__NxlGi">$300 Million The Chips Act ryFeed_high $39 billion NxlGi">Japan Allocates $11 billion summaryFeed_highLightText__NxlGi">seven week American decades ighLightText__NxlGi">the en Asia March Bloomberg US eed_highLightText__NxlGi">the next six to 12 weeks Monday the Commerce Department pan> Gina Raimondo Commerce 18 months mmaryFe Biden ghLightText__NxlGi">the Chips Act