Tag

Chips Funding

All articles tagged with #chips funding

politics1 year ago•1 min saved

"Biden Announces $6.1 Billion Grant for Micron's Upstate Chip Project"

President Biden is set to visit Central New York next week to formally announce the federal government's $6.1 billion award of CHIPS funding to Micron, with most of the money going to the company's Town of Clay megafab. The visit is scheduled for Thursday, April 25, and the president's announcement follows Senate Majority Leader Chuck Schumer's preliminary terms of the deal, which promises significant investment in the region and job creation.

via WSYR|

#central-new-york #chips-funding #chuck-schumer

politics2 years ago•2 min saved

BAE Systems Secures First CHIPS Funding 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 United States. The move 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 the availability of advanced technologies.

via PBS NewsHour|

#bae-systems #biden-administration #chips-funding