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U.S. allocates $59.4M to BAE and Rocket Lab to boost chip production for defense and solar cells.
The U.S. Commerce Department has finalized $59.4 million in subsidies for BAE Systems and Rocket Lab to boost semiconductor chip production.
BAE Systems will receive $35.5 million to quadruple production of key chips for F-35 fighter jets and satellites, while Rocket Lab will get $23.9 million to increase solar cell production by 50% over three years.
The funding is part of the Biden administration's $52.7 billion Chips and Science program to strengthen domestic semiconductor manufacturing.
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U.S. asigna $59.4M a BAE y Rocket Lab para impulsar la producción de chips para la defensa y células solares.