Posted 12/11/2023, 10:23:33 AM
Biden Boosts Military Chip Production with $35M for BAE Systems
- Biden administration providing $35M to BAE Systems to boost computer chip production for military aircraft
- First allocation from $52B CHIPS and Science Act to boost semiconductor manufacturing in U.S.
- Choice of military contractor over chip manufacturer shows national security focus of law
- Concerns that attack on Taiwan could deprive world of chips prompted incentives law
- Investments expected to quadruple BAE plant's production capacity, halving chip costs