US Commerce Dept. plans to announce $100M funding for AI-driven semiconductor research

The US’ Commerce Division on Wednesday presented plans to award $100 million to take the usage of synthetic intelligence in rising recent sustainable semiconductor materials, news agency Reuters reported.

The US Division of Commerce oversees $52.7 billion in U.S. chip manufacturing and examine grants. Consistent with the tell, they opinion to award $100 million to attend universities, national laboratories, and the private sector create AI-powered self reliant experimentation for sustainable semiconductor manufacturing.

On October 2, the US also welcomed India’s Minister of Exterior Affairs, S Jaishankaron his first shuffle to to the US after the Modi 3.0 authorities took place of industrial. PTI reported that Jaishankar met his US counterpart Antony The wink to communicate about deepening bilateral cooperation, the challenge in West Asia, and as much as the moment tendencies in the Indian subcontinent, the Indo-Pacific, and Ukraine.

Welcoming Jaishankar, Blinken acknowledged, “I deem it is a reflection of the worth that both worldwide locations build to this partnership — a partnership in so many assorted areas, along with strategic technology sectors, build, semiconductors, orderly energywhere our worldwide locations increasingly are working together and constructing recent opportunities for individuals in both India and the USA nonetheless also, extra broadly than that, across the arena. Clearly, the excessive characteristic that India performs on the world stage, working for peace, balance, security — here to boot, we’re doing extra and extra together,” in accordance with the news agency’s tell.

This marks the US’s step in direction of promoting AI and semiconductors in the country and taking part with other worldwide locations love India.

Consistent with an ANI tell, on October 1, Jaishankar met with US Secretary of Commerce Gina Raimondo to communicate about sectors equivalent to semiconductors, excessive minerals, relied on partnerships, and provide chain resiliency.

“We discussed semiconductors, iCET, excessive minerals, relied on partnerships and provide chain resiliency. Tag the strides we’re making in our tech collaboration and financial partnership,” acknowledged Jaishankar in a put up on the social media platform X.

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