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Biden aims to boost investment in clean energy, biotech, semiconductors with tech hubs

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The Biden administration named 31 regions spanning 32 states and Puerto Rico as technology hubs, as part of the CHIPS Act.

The Biden administration on Monday named 31 regions spanning 32 states and Puerto Rico as technology hubs, a move by the White House to spur private investment and create jobs.The creation of the tech hubs was authorized through the CHIPS and Science Act.

President Joe Biden announced the program alongside Commerce Secretary Gina Raimondo. The creation of the tech hubs was authorized through the, which Biden signed into law last year. Raimondo in May announced the launch of the tech hub program with the aim of dispersing $500 million in grants. The hubs are focused on fostering innovation across industries including clean energy, artificial intelligence, semiconductors, biotechnology, medicine, quantum computing and critical minerals. Regions selected for the hubs span the entire U.S. and include Oklahoma, Massachusetts, Colorado, Ohio, South Carolina, Washington, Alabama and Pennsylvania.

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