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

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.

The funding is going to tech hubs located in New York, Florida, and South Carolina, as well as in the swing state of Nevada, according to a report by Bloomberg.

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.

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