The Biden administration says it has picked the chairman of Google parent Alphabet Inc (GOOGL.O), John Hennessy, and four other technology industry experts to help with research and development of next-generation computer chips.
Hennessy and the other selected individuals are set to be announced by the Commerce Department on Tuesday, according to a statement seen by Reuters. They will be responsible for picking a board of trustees to run the National Semiconductor Technology Center.
That public-private partnership was authorized to lead research on next-generation chips as part of last year's bipartisan $52.7 billion semiconductor manufacturing and research law, which also subsidizes new chip plants. The nonprofit board is expected make politically sensitive decisions, including where in the United States to locate the center's research facilities.
President Joe Biden wants to expand the domestic chipmaking industry to create high-paying jobs, reduce dependence on the major producers in China and Taiwan and to give the United States an edge in the advanced technologies that will power the military technologies of the future.
Economists attribute higher consumer inflation since the COVID-19 pandemic to, among other factors, an insufficient supply of chips, which sparked shortages in cars, washing machines and video game consoles.
"We want the NSTC to be an engine of innovation, supporting and extending U.S. leadership in semiconductor research, design, engineering, and advanced manufacturing for decades to come," Commerce Secretary Gina Raimondo said in a statement. "This selection committee is the next step to helping us stand up the NSTC and ensure it succeeds for generations."
Hennessy, the Alphabet chairman, is also an electrical engineering and computer science professor at Stanford University.
The selection committee also includes Deloitte Consulting principal Janet Foutty, RAND Corp chief executive Jason Matheny, Anzu Partners venture capitalist and former Qualcomm (QCOM.O) executive Don Rosenberg and education nonprofit president Brenda Wilkerson.
