The U.S. Commerce Department said on Monday it was naming 31 regional tech hubs from 370 applicants, making the areas eligible for $500 million in federal funding to help spur innovation across a variety of sectors.

The Biden administration this month announced seven “hydrogen hubs” in 16 states would share $7 billion to jump-start the emerging industry.

The designated regional tech hubs are in places like Montana, Wisconsin, upstate New York, Vermont, Nevada, Illinois and Puerto Rico, and are focused on areas including semiconductors, clean energy, critical minerals, biotechnology, artificial intelligence and quantum computing.

  • AutoTL;DR@lemmings.worldBEnglish
    21·
    3 years ago

    This is the best summary I could come up with:

    WASHINGTON, Oct 23 (Reuters) - The U.S. Commerce Department said on Monday it was naming 31 regional tech hubs from 370 applicants, making the areas eligible for $500 million in federal funding to help spur innovation across a variety of sectors.

    Commerce Secretary Gina Raimondo told reporters the program aimed to diversify the United States away from its traditional tech hubs like Silicon Valley, Seattle and Boston.

    The Biden administration this month announced seven “hydrogen hubs” in 16 states would share $7 billion to jump-start the emerging industry.

    The designated regional tech hubs are in places like Montana, Wisconsin, upstate New York, Vermont, Nevada, Illinois and Puerto Rico, and are focused on areas including semiconductors, clean energy, critical minerals, biotechnology, artificial intelligence and quantum computing.

    Congress approved $500 million for the program in August 2022 as part of the landmark “Chips and Science” law that provides $52 billion for U.S. semiconductor production and research to better compete with China.

    Biden this year asked Congress for $4 billion to fund additional regional tech hubs.

    The original article contains 370 words, the summary contains 173 words. Saved 53%. I’m a bot and I’m open source!