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President Drake previews FY2025–26 budget and semiconductor center; Regent Perez signals upcoming departure
Summary
President Michael Drake outlined the FY2025–26 operating budget request, highlighted California's selection as the site of a new national semiconductor research center expected to bring over $1 billion in research funding, and Regent Perez announced his intention to step down from the Board later that week.
President Michael Drake told the Regents the board will be asked to approve the university’s operating budget proposal for fiscal year 2025–26, which aligns with the state multi-year compact and requests one-time state funds for capital needs. He also announced that California had been selected for a new national semiconductor technology center in…
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