"BAE Systems Secures First CHIPS Act Grant, Leading the Semiconductor Grant Wave in D.C."
TL;DR
BAE Systems is set to receive the first grant from the CHIPS and Science Act, a signature law of the Biden administration aimed at revitalizing America's semiconductor sector. The $35 million award will support BAE's US manufacturing of semiconductors for national security efforts, particularly for the Pentagon's F-35 fighter jet program. The announcement highlights the administration's focus on the link between semiconductors and national security. The Biden administration plans to spend approximately $50 billion in total to boost the semiconductor industry. Other chip companies are still awaiting formalization of their awards.
Topics:businesstechnology#bae-systems#biden-administration#chips-and-science-act#national-security#semiconductors#technology
- BAE Systems is the first winner of D.C.'s coming wave of semiconductor grants Yahoo Finance
- Biden Administration Chooses Military Supplier for First CHIPS Act Grant The New York Times
- BAE Systems in Nashua to get $35 million in funding to modernize microelectronics center WMUR-TV
- US expects to make multi-billion chips awards within next year Reuters
- New Hampshire plant first to get CHIPS law funding The Hill
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