U.S. Senate Majority Leader Chuck Schumer announced an $825 million funding boost for semiconductor research in New York. The funding is part of the United States Innovation and Competition Act, formerly known as the Endless Frontier Act, aimed at combating China’s growing influence in key industries. The funds will be distributed to the Albany Nanotech Complex, IBM, and a number of New York universities. Schumer believes this funding will create jobs, drive economic growth, and maintain the U.S.’s technological leadership.
Don’t miss out on the full details of this significant investment in New York’s tech industry. Click the link below to learn more about how this funding will contribute to the U.S.’s competition with China, create jobs, and drive economic growth. Plus, find out why Senator Schumer believes this is crucial for maintaining America’s technological leadership.