The US National Science Foundation is to grant the proposed Sematech semiconductor manufacturing technology consortium a $3m grant, its first funding from outside the chip industry: it will be used in start-up activities; Sematech’s business plan proposes a $250m annual budget, with half from the industry and half by state and local governments, and the US Congress is currently considering legislation that would provide $100m annually in each of the fiscal years 1988 and 1989; 13 companies have so far indicated that they will want to join Sematech, and would provide more than $100m of the annual funding needed from the industry.
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