The Biden Administration is looking into funding opportunitieswith the $280 billion CHIPS and Science Act, for companies involved in the researchand manufacturing of semiconductors and digital twins. 

The digital twin technology is a relatively new research initiativethat simulates physical chips that mimic the real version, creating a visualrepresentation of how a chip is likely to react to a boost in power or adifferent data configuration. The technology helps researchers test out newprocessors before starting their manufacturing process. 

The Biden administration thus wants to fund companies acrossthe US working on digital twins for semiconductors. Emphasizing on the importanceof the technology in a press release, Commerce Secretary Gina Raimondo addedthat the country needs to invest in the understanding of ability of digitaltwins and semiconductors.

As part of the funding, the Biden Administration wants toinvest in the operational activities, research, physical and digital facilities,and workforce training of institutes creating digital twins. For this purpose, theAdministration will be holding meetings with interested companies this month,according to its officials.

As part of the funding efforts, the Biden Administration alsoaims to promote the manufacturing of new kinds of processers by semiconductorcompanies in the US. Until now, companies like Intel and Micron are confirmed toreceive funding from the Administration via the CHIPS Act.