Biden Administration Allocates $35 Million to BAE Systems for Chip Plant Expansion

The Biden administration has announced a $35 million allocation to BAE Systems for the expansion of its New Hampshire computer chip plant, which produces chips for military aircraft such as the F-15 and F-35 jets. This funding marks the first disbursement from the bipartisan CHIPS and Science Act, which aims to bolster semiconductor development and manufacturing in the United States with over $52 billion in funding. The move underscores the national security focus of the law, recognizing the critical role advanced chips play in modern weapons systems. The investment aims to reduce chip production costs, enhance domestic semiconductor manufacturing, and reduce dependence on foreign supply chains. 

More Info: https://www.cnbc.com/2023/12/11/bae-systems-new-hampshire-computer-chip-plant-the-first-to-get-funding-from-chips-law.html