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CHIPS for America Awards Semiconductor Research Corporation Manufacturing Consortium Corporation $285 Million CHIPS Manufacturing USA Institute for Digital Twins, Headquartered in North Carolina
On January 3, 2025, the U.S. Department of Commerce announced that CHIPS for America awarded the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) $285 million to establish and operate a CHIPS Manufacturing USA institute headquartered in Durham, North Carolina. This follows the previously announced intent to enter negotiations on November 19, 2024. With a combined total investment of over $1 billion, the new institute, known as SMART USA (Semiconductor Manufacturing and Advanced Research with Twins USA) will focus on efforts to more rapidly develop, validate, and use digital twins to improve domestic semiconductor design, manufacturing, advanced packaging, assembly, and test processes.
Read the full press here.
Visit SRC.org to learn more about the new institute.