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.