Semiconductor Research Corp (SEC), a US university-research consortium, and the National Science Foundation, the US government agency supporting fundamental research, are funding 12 nanoelectronics research grants to $20 million. The interdisciplinary research teams at 24 participating US universities are funded to find a nanoelectronic switching mechanism as a replacement for the transistor. The Nanoelectronics for 2020 and Beyond programme involves several IC manufacturing companies including Globalfoundries, IBM, Intel, Micron Technology and Texas Instruments. The Nanoelectronics Research Initiative within SEC has a goal of demonstrating the feasibility of novel computing devices in simple computer circuits within the next five to ten years.
Details of the funded projects are available at this link.