The Joe Biden led administration has announced its plans to invest over US$5 billion in semiconductor-related research, development, and workforce needs.

A major portion of the investment will also go towards the National Semiconductor Technology Center (NSTC), and will aid in advancing President Biden’s goals of driving semiconductor related research and development in the country.

“As part of the implementation of the CHIPS and Science Act and the President’s Investing in America agenda, these investments advance US leadership in semiconductor R&D, cut down on the time and cost of commercializing new technologies, bolster US national security, and connect and support workers in securing good semiconductor jobs,” the White House said in a statement.

A portion of the investments, amounting to millions of dollars, will go towards establishing a Workforce Center of Excellence and the NSTC’s efforts to ramp up its workforce.

Announced by President Biden in 2022, the Chips Act aims to significantly bolster the U.S. semiconductor industry. The initiative includes the establishment of the NSTC, an innovation hub geared towards advancing semiconductor technology and fostering new industries centered around the capabilities of diverse advanced chips.

The center is set to provide funding for the design and prototyping of innovative chips, as well as for training workers in the sector.