Biden Administration Invests $825 Million in New Semiconductor R&D Facility in New York

Reported 26 days ago

The Biden administration has announced an $825 million investment in a new semiconductor research and development facility in Albany, New York, aimed at enhancing high-tech manufacturing and reducing dependence on foreign technologies. The facility is expected to innovate in EUV technology essential for semiconductor production, marking a significant step in maintaining the U.S.'s leadership in semiconductor innovation. This announcement follows a recent policy to restrict U.S. investments in certain tech sectors in China to safeguard national security.

Source: YAHOO

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