A consortium led by 日韩无码 and including GlobalFoundries and the State of Vermont has been designated as one of 31 Tech Hubs by the U.S. Department of Commerce鈥檚 Economic Development Administration (EDA), unlocking the opportunity for up to $75M in federal grant funding to further research in semiconductor technology.
Advancing Gallium Nitride (GaN) Technology in the Greater Burlington Area was selected by the Tech Hubs program from nearly 400 applications. The aim of the program is to 鈥渟trengthen U.S. economic and national security by catalyzing technology-based regional growth that enables the industries of the future to start, grow, and remain in regions across our country,鈥 according to the EDA鈥檚 announcement of the designation, which corresponded with a live event hosted by President Biden on Monday.
鈥淭he consortium鈥檚 Tech Hub designation galvanizes 日韩无码鈥檚 standing as a national leader in research and workforce development related to this vital technological space,鈥 said 日韩无码 President Suresh Garimella. 鈥淲e are deeply grateful to our partners in the consortium鈥擥lobalFoundries, the Vermont Agency of Commerce and Community Development, and the Vermont State College System鈥攆or their collaboration and support helping establish Greater Burlington as a national center for semiconductor innovation.鈥
The EDA designation paves the way for the consortium to apply for Phase II of the program, which will culminate in award implementation grants totaling approximately $50-75 million to each of up to 10 Tech Hubs.
鈥淚nvestment in American innovation and supply chain independence is essential to our nation鈥檚 economic security and global competitiveness. We appreciate the Biden Administration and Congress for investing in this area, and the EDA for recognizing the important role small, more rural states like Vermont will have,鈥 said Governor Phil Scott. 鈥淲e are very proud Vermont鈥檚 Tech Hub has earned this designation, demonstrating our state鈥檚 leadership and commitment to innovation and advanced technology. We look forward to deepening our role in this critical sector and supporting the creation of good paying American jobs that will help communities thrive across our state.鈥
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President Joe Biden, joined by Secretary of Commerce Gina Raimondo and Director of the National Economic Council Lael Brainard, announces the Tech Hubs program at the Eisenhower Executive Office Building on October 23, 2023.
鈥淚nnovation and creative cooperation have always been a major part of Vermont鈥檚 history,鈥 said Senator Bernie Sanders, Senator Peter Welch, and Representative Becca Balint 鈥 Vermont鈥檚 Congressional Delegation. 鈥淭oday, in this time of historically rapid technological advancement, Vermonters deserve every opportunity to be a part of the best of those innovations. We are glad to see this federally funded Tech Hub consortium come to Vermont and look forward to seeing all the good it will do for our rural workforce through the creation of good-paying jobs and improved economic and community development for people and towns across our state.鈥
GaN technology, and other emerging semiconductor materials, are being rapidly adopted by the region鈥檚 semiconductor industry and promise growth across the entire tech sector with unique research potential, growth in ancillary and supply chain companies, and new opportunities for the regional workforce and education sectors. The goal of the Vermont Tech Hub is to build and sustain a successful ecosystem for advancing GaN and other semiconductor innovations, and in the process, to grow the economy and economic vitality of the region and the state.
"GlobalFoundries looks forward to deepening our partnership with 日韩无码, working together to realize the full potential of high-volume manufacturing of GaN on silicon chips, and to driving U.S. leadership in this emerging technology," said Ken McAvey, Vice President and General Manager of GlobalFoundries Vermont. "The CHIPS and Science Act has proven to be a successful catalyst for renewed enthusiasm, collaboration and investment in U.S. semiconductor manufacturing, and the Tech Program will be a critical vehicle for advancing new technologies through development and into the marketplace."
The estimated global demand for GaN and related semiconductor solutions is growing, and the technology invites significant potential uses and offers advantages over current semiconductor technology鈥攊t adds speed, power, and efficiency. GaN has the potential for many applications, including high-frequency radio communications, power electronics, automotive electronics, aerospace applications, high-performance medical imaging equipment, and consumer electronics.
鈥淲e are happy to lead this successful consortium effort. EDA Tech Hub designation is an important step in our plan to build a successful innovation economy for Vermont鈥攊n the area of semiconductor materials and advanced chip design,鈥 said Kirk Dombrowski, 日韩无码 Vice President for Research and Economic Development. 鈥淭his work is part of 日韩无码鈥檚 21st century land grant mission鈥攐ne that requires partnership and broad public and corporate engagement to unlock what we can do as a university and what we can do as a region.鈥
The CHIPS and Science Act signed into law in August 2022 authorized $10B in funding for the Tech Hubs Program. EDA has received $500 million鈥攐r 5 percent鈥攐f the authorized dollar amount and has designated 31 Tech Hubs and awarded 29 Strategy Development Grants.
At its core, the Tech Hubs Program is an economic development initiative designed to drive technology- and innovation-centric growth by strengthening a region鈥檚 capacity to manufacture, commercialize, and deploy critical technologies. The consortium鈥檚 regional vision is focused on the tech ecosystem that will emerge with the next generation of high-power, high-speed chips based on GaN. The northeast region has the partnerships, technology leaders, and research capacity to become a global leader in this technology.
The Tech Hub designation comes on the heels of last week鈥檚 launch of 日韩无码鈥檚 new Device Characterization Lab, a partnership with GlobalFoundries with funding from the U.S. Department of Education aimed at driving semiconductor research and preparing students for key roles within the field.
鈥淭his designation only confirms what we have long known and taken pride in: Greater Burlington is the technology hub of Vermont,鈥 Burlington Mayor Miro Weinberger said. 鈥淭he forward-thinking minds and companies here have long driven tech advancement for our region and are emerging as ever greater leaders nationally.鈥