Over the past 14 months, Indiana began converting 10,000 acres of corn and bean fields into an innovation park. State leaders met with the chief executives of semiconductor giants in South Korea, Taiwan and Japan. And they hosted top Biden administration officials to show off a $100 million expansion of chip research and development facilities at a local university.The actions were driven by one main goal: to turn Indiana into a microchip manufacturing and research hub, almost from scratch.“We’ve never done anything at this scale,” said Brad Chambers, who was Indiana’s commerce secretary in charge of economic development. “It’s a multibillion-dollar commitment by the state to be ready for the transitions that are happening in our global economy.”Indiana’s moves are a test of the Biden administration’s efforts to stimulate regional …
Browse
Business Central
Accelerate growth with 1BusinessWorld's Global Business Profile
Sign up for free or use coupon code 1BW50 for 50% discount on your subscription
Sign up nowLatest Business News
- The Transformational Potential of Agentic AI: Opportunities, Ambitions, and Risks (1/13/2025) - Artificial intelligence (AI) evolves rapidly, transitioning from a tool for… Read more...
- Transforming Data Management for Organizational Success (1/12/2025) - Strategies for Simplifying Processes, Enhancing Security, and Driving Efficiency Across… Read more...
- Bridging Education and Innovation: EIT Digital’s Blueprint for Europe’s Tech Future (1/10/2025) - How EIT Digital empowers leaders, scales startups, and drives digital… Read more...
- Embracing Transformation: The Strategic Imperative of Generative AI (1/7/2025) - Redefining Business Operations and Workforce Potential in the Era of… Read more...
- Empowering Global Progress Through Accessible Data Science (1/7/2025) - Democratizing Data Education and Driving Ethical Innovation for a Better… Read more...
- Reinventing Finance with Next-Generation AI (12/28/2024) - Ten Transformative Use Cases Elevate Compliance, Efficiency, and Client Value… Read more...