Pentagon to Oversee $3 Billion Effort to Strengthen Microchip Supply Chain
Monday, 16 September 2024, 13:34
Pentagon Takes Command of $3 Billion Microchip Initiative
The Pentagon will oversee a critical $3 billion initiative to enhance the microchip supply chain, ensuring military readiness.
Description of the Initiative
According to recent announcements, the Defense Department has received $2 billion allocated from the CHIPS Act, which aims to boost production capabilities for advanced semiconductors tailored to meet military requirements.
Key Objectives
- Strengthening Supply Chains: Enhance stability for military microchip requirements.
- Addressing Military Needs: Specifically focusing on advanced semiconductor technologies.
- Leveraging Funding: Utilizing CHIPS Act funding to drive initiatives.
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