The US awards the first CHIPS Act grant to BAE Systems, giving the defense contractor $35M to boost production of chips used in F-15 and F-35 fighter jets (Ana Swanson/New York Times)

The US awards the first CHIPS Act grant to BAE Systems, giving the defense contractor $35M to boost production of chips used in F-15 and F-35 fighter jets (Ana Swanson/New York Times)

Ana Swanson / New York Times:
The US awards the first CHIPS Act grant to BAE Systems, giving the defense contractor $35M to boost production of chips used in F-15 and F-35 fighter jets  —  The award, which will go to BAE Systems, is part of a new government program aimed at creating a more secure supply of semiconductors.