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The U.S. Department of Commerce has announced a funding of $35 million in federal incentives under the CHIPS and Science Act to support the modernization of BAE Systems' Microelectronics Center, and to quadruple its production capacity for chips that are essential to the Unite States' national security, including for use in F-35 fighter jets.
The US Government has been pushing to improve semiconductor and micro-chip manufacture within its borders – a key policy of the Biden government – and the funding will boost BAE Systems’ capabilities in the field.
The Biden administration is set to send its first slice of grant money from 2022’s CHIPs and Science act to BAE Systems a highly-anticipated first awarding of money from the landmark law.
BAE Systems is to receive $35 million of US Chips Act money to modernise its Microelectronics Centre, a mature-node production facility in Nashua, New
BAE Systems announces that it has received $35 million in funding from the U.S. Department of Commerce a for the modernization of its Microelectronics Center in Nashua, New Hampshire.This is the...