The Biden-Harris Administration has announced several significant funding initiatives under the CHIPS and Science Act. A preliminary memorandum of terms has been signed between the Department of Commerce and RV Microdevices, proposing up to $6.7 million in direct funding. Additionally, the administration has launched the first Chips Act program dedicated to workforce development, with plans to award between $500,000 and $2 million to up to ten projects to address potential labor shortages projected to reach 90,000 workers by 2030. Furthermore, $504 million in funding has been allocated to support 12 regional technology hubs across the United States, including in New York and Florida, to expand research in areas such as AI and chip making. Miami's climate tech hub will receive $20 million to focus on reinforcing the coast.
Miami ‘climate tech hub’ gets $20 million from feds. Focus will be on reinforcing coast https://t.co/dBg2TG6E3D
The Biden administration awards $504M in funding for 12 regional tech hubs, including in New York and Florida, to expand research in AI, chip making, and more (Bloomberg) https://t.co/pIgUL5JCeF 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/1fk6lcp9Mt
Biden administration provides $504 million to support 12 ‘tech hubs’ nationwide https://t.co/70nt3viGkP
#Biden’s administration is awarding $504 million in funding for 12 regional technology hubs to expand research
The US has kicked off the first Chips Act program dedicated specifically to workforce. Officials plan to award $500,000 to $2m to as many as ten projects (no set funding ceiling) Goal is to stave off labor shortages that could reach 90,000 workers by 2030 https://t.co/lx0wCv2Ip7
#NEWS: The Biden-Harris Administration announced that @CommerceGov and @RVMicrodevices have signed a non-binding preliminary memorandum of terms to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act. https://t.co/CrxEUW19u2 https://t.co/TNyqbV4A1a