US boosts semiconductor production with $35M award to BAE Systems

The U.S. Commerce Department announced a $35 million award to BAE Systems to enhance domestic semiconductor production, according to a recent Reuters report. This funding, part of the $52.7 billion “Chips for America” program, aims to quadruple chip production in New Hampshire, crucial for F-35 fighter jets and commercial satellites.

The investment in BAE Systems Electronic Systems, a unit of BAE Systems, is focused on modernizing the Nashua, New Hampshire Microelectronics Center. This...