Reported Earlier, 'Biden-Harris Administration Announced It Expects To Invest Over $5B In Semiconductor-Related Research, Development, And Workforce Needs, Including In The NSTC, To Advance President Biden's Goals Of Driving R&D In The U.S.'
Portfolio Pulse from Benzinga Newsdesk
The Biden-Harris Administration plans to invest over $5 billion in semiconductor-related R&D and workforce development, including in the National Semiconductor Technology Center (NSTC), as part of the CHIPS and Science Act. This investment aims to advance U.S. leadership in semiconductor R&D, reduce commercialization costs, bolster national security, and support semiconductor job creation. The NSTC, a public-private consortium, will focus on innovation, workforce development, and lowering R&D participation barriers. Additional investments include $200 million in a CHIPS Manufacturing USA Institute and up to $300 million in advanced packaging R&D.
February 09, 2024 | 8:13 pm
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POSITIVE IMPACT
The VanEck Vectors Semiconductor ETF (SMH), which tracks the performance of the semiconductor sector, could see positive movement due to the Biden-Harris Administration's $5 billion investment in semiconductor R&D and workforce development.
The significant investment in semiconductor R&D and workforce development is likely to stimulate growth and innovation within the sector. As SMH tracks the performance of semiconductor companies, advancements and increased funding in this area could lead to improved performance of the companies within the ETF's portfolio, potentially driving up the ETF's price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90