WASHINGTON – The Semiconductor Industry Association and Semiconductor Research Corp. are calling for an annual $3.4 billion federal investment over the next decade to fund semiconductor R&D.
The organizations lay out their goals in “Decadal Plan for Semiconductors,” a report that outlines chip research and funding priorities over the next decade that will help strengthen US semiconductor technology and spur growth in emerging technologies such as artificial intelligence, quantum computing, and wireless communications.
The Decadal Plan was developed with contributions from a cross-section of leaders in academia, government, and industry and identifies five seismic shifts shaping the future of chip technology: smart sensing; memory and storage; communication; security; and energy efficiency.
“Federal government and private sector investments in semiconductor R&D have propelled the rapid pace of innovation in the US semiconductor industry, spurring tremendous growth throughout the US and global economies,” said John Neuffer, president and CEO, SIA. “As we enter a new era, however, a renewed focus on public-private research partnerships is necessary to address the seismic shifts facing chip technology. The federal government must invest ambitiously in semiconductor research to keep America on top in semiconductors and the game-changing future technologies they enable.”
The Decadal Plan’s proposed additional federal investment of $3.4 billion annually would strengthen the US semiconductor industry’s global leadership position, add $161 billion to US GDP, and create half a million US jobs in the next 10 years, according to findings from an earlier SIA study.
“The future holds unlimited potential for semiconductor technology, with emerging applications such as artificial intelligence, quantum computing, and advanced wireless technologies promising incalculable societal benefit,” said Dr. Todd Younkin, SRC president and CEO. “The Decadal Plan provides a blueprint for how we can convert this potential into a reality. Working together, we can boost semiconductor technology to keep it strong, competitive, and at the tip of the spear of innovation.”
The full Decadal Plan is scheduled to be published in December. For more information, visit www.src.org/decadalplan.