Biden grants first CHIPS Act funds to military chip manufacturer
The Biden Administration Grants $35 Million to BAE Systems for Semiconductor Manufacturing
The Biden administration has made its first grant under the 2022 CHIPS and Science Act, a law aimed at funding semiconductor manufacturing and expansion. The recipient of the $35 million grant is BAE Systems, a defense contractor that supplies components for F-15 and F-35 fighter jets.
This grant will play a crucial role in stabilizing BAE’s chip production within the United States. By upgrading their old machinery, BAE can ensure the continuity of their operations and protect national security. The Commerce Department will closely monitor the project’s progress and ensure that the funding is used appropriately.
Lockheed Martin, a major aerospace and defense company, relies on BAE’s chips to create advanced communication systems for aircraft. These chips, known as “monolithic microwave integrated circuits,” are essential for aircraft-to-aircraft communications.
Securing National Security and Outcompeting China
Commerce Secretary Gina Raimondo emphasized the importance of not relying solely on one country for critical technologies. The CHIPS and Science Act, with its $280 billion funding, including $52 billion for new semiconductor factories, aims to boost domestic tech development and maintain a competitive edge against China.
This grant to BAE Systems is just the beginning, as Raimondo announced that more grants will be awarded in the first half of 2024. The government’s industrial policy, including export controls, is part of a broader strategy to limit China’s access to crucial components for AI and quantum computing.
Stay updated with the latest news by clicking here.
How does the derivative of a function at a point relate to the instantaneous rate of change of the function
The mathematical definition of the derivative of a function at a point is the limit of the slope of the function at that point as the point approaches the given point. In other words, if f(x) is a function and a is a point, then the derivative of f(a), denoted as f'(a), is defined by the following limit:
f'(a) = lim(h->0) [f(a+h) – f(a)]/h
This limit represents the instantaneous rate of change of the function at the point a.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
