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IPFS News Link • Government Debt & Financing

US Passes $250 Technology Bill for Chips, AI and Robotics

• by Brian Wang

It authorizes $81 billion for NSF, including $29 billion over five years for the new directorate. It directs the Department of Commerce to designate regional technology hubs across the country, and authorizes $10 billion over five years for these hubs. The bill appropriates $52.7 billion for incentivizing domestic semiconductor fabrication and $1.5 billion for 5G innovation. It takes steps to counter the Chinese Communist Party by addressing China's political influence in universities, countering predatory economic practices like IP theft, and expanding and strengthening our alliances. The bill requires sanctions against foreign entities or people that the president identifies each year as having supported or engaged in cyberattacks or otherwise undermined U.S. cybersecurity on China's behalf.

* 52 billion to fund the semiconductor research, design, and manufacturing initiatives.
* funding for scientific research, subsidies for chipmakers and robot makers, and an overhaul of the National Science Foundation.
* Endless Frontier overhauls the National Science Foundation, appropriates tens of billions for the NSF between fiscal 2022 and 2026, and establishes a Directorate for Technology and Innovation.

Establishes 10 "technology focus areas" for the National Science Foundation to focus on:

Artificial intelligence, machine learning, autonomy, and related advances

High-performance computing, semiconductors, and advanced computer hardware and software

Quantum information science and technology