Pentagon invests another $160 million from CHIPS Act to boost semiconductor manufacturing

Most of the funding, $148 million, will go directly to the eight Microelectronic Common hubs spread across the country.

November 21, 2024

Source: Breaking Defense

WASHINGTON — The Department of Defense announced it invested another chunk of cash from the Biden administration’s CHIPS and Science Act into the Microelectronics Commons, the latest significant infusion meant to spur domestic semiconductor development across the country.

“America’s military systems are the most capable in the world, and that would not be possible without advanced semiconductor technology,” Arati Prabhakar, assistant to the President for Science and Technology and director of the White House Office of Science and Technology Policy, said in a Nov. 8 Pentagon press release.