New Hampshire plant to get $35M in first round of CHIPS Act funding - UPI.com

Dec. 11 (UPI) -- The Commerce Department announced Monday about $35 million in federal incentives awarded to a BAE Systems facility in New Hampshire to boost the production of chips needed for defense programs, including the F-35 fighter jet program.

The incentives deal with the business unit of BAE Systems, Inc., was made through a non-binding preliminary memorandum under the CHIPS and Science Act to support the modernization of the BAE's Microelectronics Center, in Nashua, N.H.

The company will replace aging tools and make improvements that will quadruple their chip production, the Commerce Department said.

President Joe Biden said the deal, the first under the CHIPS and Science Act, marked a "key milestone" for the legislation.