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US announces over $5 billion investments in semiconductor-related research and development

By Thomson Reuters Feb 9, 2024 | 5:27 AM

(Reuters) – The Biden administration expects to invest more than $5 billion from the CHIPS and Science Act in semiconductor-related research and development, including in the National Semiconductor Technology Center, the White House said in a statement on Friday.

(Reporting by Anirudh Saligrama in Bengaluru)