"Biden administration selects BAE Systems as first recipient of CHIPS Act grant for New Hampshire chip plant"

The Biden administration has announced the first federal investment in computer chip production, providing $35 million to BAE Systems in New Hampshire to increase chip production for military aircraft. This funding comes from the bipartisan CHIPS and Science Act, which aims to boost semiconductor development and manufacturing in the US. The choice of a military contractor highlights the national security focus of the law, as advanced chips are crucial for weapons systems. The investment aims to reduce dependence on foreign supply chains and ensure national security needs are met.