Trying to Win Back Big Tech: Joe Biden Gives $504 Million to Tech Investment Hubs Across United States

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President Joe Biden’s administration is reportedly giving $504 million in funding to twelve technology hubs in an effort to expand research in AI, semiconductor manufacturing, and clean energy.

Florida researchers focusing on sustainable and climate-resilient infrastructure will reportedly receive $19 million, while a New York hub working on semiconductor manufacturing will be given $40 million. A Nevada recipient focused on lithium batteries and electric-vehicle materials, meanwhile, will reportedly be granted $21 million.

The grants, announced on Tuesday, are reportedly part of Biden’s Chips Inflation Reduction Act and CHIPS & Science Act Resources.

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