US to Award up to $100 Million to Boost Use of AI for Semiconductor Materials

Reuters10-02

(Reuters) - The U.S. Commerce Department said Wednesday it plans to award $100 million to boost the use of artificial intelligence in developing new sustainable semiconductor materials.

Semiconductor shares gained on the news. Applied Materials, Marvell Technology, Broadcom rose over 2%; Qualcomm, AMD, Nvidia rose around 1%.

The department, which is overseeing $52.7 billion in U.S. chips manufacturing and research grants, plans to award $100 million to help universities, national laboratories and the private sector develop AI-powered autonomous experimentation for sustainable semiconductor manufacturing. The goal is to reduce time needed to develop new semiconductor materials that are less resource-intensive.

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Comments

  • kibkibkib
    10-02
    kibkibkib
    Jensen huang: [Smile]  [Smile]  [Smile]  100million is our annual salary for one VP [Onlooker]  [Onlooker]  
  • King19
    10-02
    King19
    😂 
  • Cayonex
    10-02
    Cayonex
    100million such a pity amount. China pour billions of dollars [Happy]  
    • setia100: 
      Strongly agree ❗Why not print US trillion dollars n give ❓Stop supporting Ukraine war & middle -east war can save up billions for this purpose 😂
  • Merdeka1981
    10-02
    Merdeka1981
    Pardon me for being blunt, but $100M seemed like spare change for any of the big players in the semi on industry. Was there a typo perhaps? Like maybe it's supposed to be $100 billion perhaps?
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