Silicon Valley's U.S. Democratic Representative Ro Khanna and the director of the National Science Foundation (NSF) warned on Friday against delays to funding for U.S. research in the face of surging technology investment by rivals such as China.
While the CHIPS and Science Act authorized the NSF's budget of $81 billion over five years, which could double the annual budget by 2027, the foundation's director, Sethuraman Panchanathan, told Reuters he was concerned the funding could get delayed.by President Joe Biden last year as the U.S. looks to bring back chip manufacturing and maintain a competitive edge on technologies against adversaries, in particular China.
The NSF is a federal agency that funds a big portion of science and engineering, including research at universities. The directorate would help build up an ecosystem of academics, corporates, venture capitalists, and others to help researchers and startups get off the ground.
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