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    Home»Business»The Biden Government Has Plans The CHIPS Act Gives $285 Million To Digital Twins
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    The Biden Government Has Plans The CHIPS Act Gives $285 Million To Digital Twins

    DavidBy DavidMay 6, 2024Updated:May 6, 2024No Comments2 Mins Read
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    The Biden Government Has Plans The CHIPS Act
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    The government of President Joe Biden wants to fund projects that use digital twins to make the process of making semiconductors better.

    Digital twins are computer models that are used to test and improve real-world processes and objects. Automobile companies, for instance, want to use digital twins of their plants to try out new ways of making things without stopping production.

    The Biden administration said it would be accepting applications for what it thinks will be a total of $285 million in funding for work that includes building and supporting combined physical and digital facilities, industry demonstration projects, training for the workforce, and running what it calls a new CHIPS Manufacturing USA Institute.

    At a press briefing on Sunday, Laurie E. Locascio, Under Secretary of Commerce for Standards and Technology and Director of the National Institute of Standards and Technology, said that digital twins could lower the costs of making chips and making the process of designing and making chips more collaborative.

    Biden administration plans $285M in CHIPS Act funding for digital twins https://t.co/y8W9TzDWfr #Technology #bhivelabs

    — BHIVE Tech Bee (@TechGeekTweets) May 6, 2024

    “At this point, no country has invested enough or unified the industry well enough to unlock the huge potential of digital twin technology for ground-breaking discoveries,” Locascio said.

    This money comes from the CHIPS and Science Act of 2022, a $280 billion bill that included $52.7 billion to make it easier to make semiconductors in the United States. At the time, President Biden said that the US had dropped from making 40% of the world’s electronics to making less than 10%.

    According to Arati Prabhakar, who is Assistant to the President for Science and Technology and Director of the White House Office of Science and Technology Policy, manufacturing of semiconductors had become “dangerously concentrated in just one part of the world” (most likely China) after the CHIPS Act was passed. This is in line with another major theme in the administration’s speech.

    Also Read: Nothing’s New Earbuds Make Chatgpt Easy to Get to

    It will be possible to learn more about apps at a webinar on May 8. Nonprofits, universities, governments, and for-profit businesses that are “domestic entities” (incorporated in the United States and with their main place of business here) can all apply.

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