US President Bill Clinton has announced that the federal government is providing $96 million in funding for a number of new hi-tech R&D projects. Industry will also provide funds for the projects, adding up to a total of $200 million.
One project, jointly funded with the semiconductor industry, aims to develop a ?supercomputer on a chip?, containing billions of transistors. The project will focus on technology that is more than eight years removed from commercialisation. It will receive $14 million from the US Defence department.
Also, $82 million from the Commerce Department will go into eight research competitions, aimed at developing futuristic technologies such as computer displays the size and weight of a magazine page; a DNA diagnostics laboratory that fits on a chip; low-cost methods for producing drugs; and radio-transmitting identification cards to help locate lost children.
The government funding for these projects was announced by Bill Clinton at an event honoring the winners of the Medals of Science and Medals of Technology. Among the medal winners were Vinton Cerf and Robert Kahn, who developed the TCP/IP protocol.
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