Commerce Dept. Unveils Plan for National Chip Lab to Boost US Security

The Biden administration plans to establish a new national organization, the National Semiconductor Technology Center, to propel research on cutting-edge microchips needed to power computers, cars, and other devices. The organization would bring together companies, universities, and others to collaborate on next-generation chip technology and help revitalize semiconductor manufacturing in the US. The Commerce Department has been charged with doling out $50 billion to revitalize the industry, including $11 billion devoted to research and development. The technology center is expected to be central to that effort.