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California Democrats urge Biden not to scrap chips R&D funding

Reuters · 1y ago

California Democrats urge Biden not to scrap chips R&D funding

California Governor Gavin Newsom and Senator Alex Padilla are urging the Biden administration to reconsider its decision to cancel a subsidy program for semiconductor research and development. The U.S. Commerce Department cited overwhelming demand as the reason for the cancellation, but Newsom and Padilla argue that this move risks the country's global leadership in the semiconductor industry. They call for robust support for commercial R&D to drive innovation and support domestic semiconductor manufacturing. The Commerce Department says it is continuously evaluating priorities for the funding, but Newsom and Padilla emphasize that research and development cannot replace direct commercial investments.

Related News

California Democrats urge US president Joe Biden not to scrap chips R&D funding

Economic Times

Economic Times · 1y ago

California Democrats urge US president Joe Biden not to scrap chips R&D funding

California Governor Gavin Newsom and Senator Alex Padilla are urging the Biden administration to reverse its decision to cancel a subsidy program for semiconductor research and development facilities. The program, funded by the Chips and Science Act, was scrapped due to overwhelming demand for funding awards to subsidize chip production. Newsom and Padilla argue that without robust support for commercial R&D, the US risks losing global leadership in the semiconductor industry. They are calling on the Department of Commerce to reconsider its decision and invest in commercial R&D to support domestic semiconductor manufacturing.

Applied Materials' $4 billion California R&D facility sees uncertain future: report

Economic Times

Economic Times · 1y ago

Applied Materials' $4 billion California R&D facility sees uncertain future: report

Applied Materials, the largest maker of semiconductor equipment in the US, may cancel or delay its $4 billion R&D facility in Silicon Valley due to a lack of government funding. The Biden administration decided not to provide funding from the Chips and Science Act, which aims to support chip production amid high demand. This move comes as a blow to Applied Materials' plan to enhance semiconductor manufacturing. The company has not yet responded to Reuters' request for comment.

Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks

Economic Times

Economic Times · 3m ago

Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks

Ericsson is expanding its R&D team in Bengaluru by over 150 positions to boost its Application-Specific Integrated Circuit (ASIC) development. This expansion aims to enhance the company's capabilities in semiconductor design, specifically focusing on Ericsson Silicon's System on Chips (SoC) for 5G networks. The move aligns with Ericsson's commitment to leverage local tech competence and strengthen India's semiconductor ecosystem. The company invests $5 billion annually in R&D but did not specify investments for this expansion.

California Democrats fear US tech firm 'death spiral' with more China curbs

Economic Times

Economic Times · 1y ago

California Democrats fear US tech firm 'death spiral' with more China curbs

California Democrats are urging the Biden administration to halt plans for imposing new restrictions on U.S. technology exports to China. They argue that such unilateral measures benefit foreign competitors at the expense of American businesses. These calls come as Washington has already imposed restrictions on chip and chipmaking equipment exports to China, fearing the technology could be used to strengthen China's military capabilities. The Netherlands and Japan have also imposed similar restrictions but have not gone as far as the U.S. lawmakers are requesting.

'Revolutionary': Investor's jibe at India’s low R&D spending amid debate on deep tech priorities

Business Today

Business Today · 6m ago

'Revolutionary': Investor's jibe at India’s low R&D spending amid debate on deep tech priorities

The article discusses criticism levied at India's relatively low investment in research and development (R&D), despite Prime Minister Narendra Modi's commitment to revolutionary advancements in deep tech. Innovators and investors have pointed out that a proposed investment of Rs 10,000 crore ($1.2 billion) would not significantly impact the percentage of GDP allocated to R&D. This debate highlights the challenges and discussions surrounding India's prioritization and funding of technological innovation.

AI chip startup Groq valued at $2.8 billion after latest funding round

Economic Times

Economic Times · 1y ago

AI chip startup Groq valued at $2.8 billion after latest funding round

California-based semiconductor startup Groq has raised $640 million in a Series D funding round, led by investors including Cisco Investments, Samsung Catalyst Fund, and BlackRock Private Equity Partners. The funding brings Groq's valuation to $2.8 billion. Groq specializes in AI inference chips, which optimize speed and execute commands for pre-trained models. The company aims to compete with Nvidia in the AI chip industry and has previously adapted Meta Platforms' language model to run on its own chips. Groq will use the funding to expand its tokens-as-a-service offering and enhance its GroqCloud platform.

MetaShot, trackNOW, Prismoline get early-stage funding

VCCircle

VCCircle · 8m ago

MetaShot, trackNOW, Prismoline get early-stage funding

MetaShot, trackNOW, and Prismoline have secured early-stage funding to support their growth and development initiatives. MetaShot, a Bengaluru-based console gaming startup, raised Rs 11 crore for team expansion, R&D, growth, and branding. Gujarat-based trackNOW, a fleet management company, received extended seed funding to enhance R&D and operational efficiency. Prismoline, a Ranchi-based road safety products manufacturer, garnered funds to strengthen working capital, expand its product portfolio, and explore new markets.

Qualcomm to lay off over 1,200 employees in US: Report

Economic Times

Economic Times · 1y ago

Qualcomm to lay off over 1,200 employees in US: Report

According to a recent filing with the California Employment Development Department, Qualcomm plans to lay off around 1,258 employees from its offices in San Diego and Santa Clara, California. The job cuts, accounting for 2.5% of Qualcomm's workforce, are expected to take effect in December. This announcement comes after Qualcomm provided a gloomy outlook for its fiscal Q4, citing a slump in smartphone sales and the likelihood of job cuts. The company denies rumors of shutting down its R&D facility in Shanghai, but plans to downsize due to economic uncertainties.

Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times

Economic Times

Economic Times · 2m ago

Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times

Netrasemi, a Kerala-based semiconductor startup, raised Rs 107 crore from Zoho Corporation and Unicorn India Ventures. Founded in 2020, the company develops edge AI system-on-chip (SoC) circuits for IoT applications, focusing on local data processing. Currently in its R&D phase, Netrasemi aims to launch its product by 2026. The funding will enhance R&D and manufacturing capabilities. Zoho supports the venture for its potential in domestic innovation and global product competitiveness.

Desulphurisation tech suppliers seek clarity on ongoing projects

Economic Times

Economic Times · 26d ago

Desulphurisation tech suppliers seek clarity on ongoing projects

Vendors involved in implementing flue gas desulphurisation (FGD) units at coal-fired power plants seek clarification on the government's decision to scrap the FGD mandate. Companies like GE, Thermax, and Larsen & Toubro are affected and have requested the government to apply the mandate change only to future projects. Currently, only 11% of coal capacity has FGDs installed, with significant financial implications for shuttered projects. The vendors urge contractual completion of ongoing initiatives.

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