Commerce announces more semiconductor funding for military aircraft, commercial satellites

Government

US President Joe Biden holds a semiconductor during his remarks before signing an Executive Order on the economy in the State Dining Room of the White House on February 24, 2021 in Washington, DC. (Photo by Doug Mills/Pool/Getty Images) WASHINGTON — In an effort to bolster domestic manufacturing of chips for national security and the space industry, the Department of Commerce announced it is awarding BAE Systems Inc. and Rocket Lab a CHIPS Incentive Award worth up to a combined $59.4 million.

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