Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
SIA Applauds CHIPS Award for Semiconductor Research Corporation’s SMART USA Institute
November 21, 2024 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending the announcement that the U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Commerce Department to provide SRC $285 million to establish and operate the CHIPS Manufacturing USA Institute for Digital Twins.
With combined (federal and non-federal) funding totaling $1 billion, this investment will support a first-of-its-kind Manufacturing USA semiconductor digital twin institute that will develop digital innovation tools to accelerate domestic semiconductor design, manufacturing, advanced packaging, assembly, and test processes.
“The selection of SRC to establish and operate the CHIPS Manufacturing USA Institute for Digital Twins marks a big step forward for U.S. semiconductor innovation and for America’s global technology leadership. SRC is a longtime SIA partner and has a demonstrated history of supporting transformational research across the semiconductor ecosystem. It has earned the trust of influential players in the research and industry communities.
“We applaud the Commerce Department and SRC for partnering on this critical initiative and have every confidence the new institute will make lasting and meaningful contributions to the advancement of U.S. chip production and innovation.”
The mission of SMART USA is to foster a collaborative ecosystem within the domestic semiconductor industry enabled by shared facilities; support industry-led solutions through funded research projects; accelerate technology towards commercialization through significant co-investment; and enable digital twin workforce training.
SMART USA will join an existing network of 17 institutes designed to increase U.S. manufacturing competitiveness and promote a robust R&D infrastructure.
Share on:
Suggested Items
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
SIA Praises Finalization of CHIPS Investments for GlobalFoundries Manufacturing Projects
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding finalization of semiconductor manufacturing investments announced by the U.S. Department of Commerce and GlobalFoundries.
CHIPS for America Announces Up to $300M in Funding to Boost U.S. Semiconductor Packaging
11/21/2024 | U.S. Chamber of CommerceThe Biden-Harris Administration announced that the U.S. Department of Commerce (DOC) is entering negotiations to invest up to $300 million in advanced packaging research projects in Georgia, California, and Arizona to accelerate the development of cutting-edge technologies essential to the semiconductor industry.
Global Semiconductor Manufacturing Industry Records Strong Growth in Q3 2024
11/20/2024 | SEMIThe global semiconductor manufacturing industry in the third quarter of 2024 showed strong momentum with all key industry indicators performing positive quarter-on-quarter (QoQ) increases for the first time in two years.
CHIPS for America Announces New Proposed $285 Million Award for CHIPS Manufacturing USA Institute for Digital Twins
11/19/2024 | U.S. Department of CommerceThe Biden-Harris Administration announced that the U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Department to provide SRC $285 million to establish and operate a Manufacturing USA institute headquartered in Durham, North Carolina.