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Commerce agrees $35m CHIPS terms with BAE Systems, its first CHIPS incentive announcement

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The Department of Commerce signed a preliminary memorandum of terms on 11 December 2023 for about $35 million in CHIPS and Science Act incentives to BAE Systems. The money modernises BAE’s Microelectronics Center in Nashua, New Hampshire, replacing ageing tools and roughly quadrupling output of chips for defence programmes including the F-35. Secretary Gina Raimondo called it the first CHIPS announcement.

Why it matters

Chipmakers waiting on CHIPS Act grants saw how awards would be structured, starting with preliminary terms that can change before final agreements.

When
11 Dec 2023
ID
WTA-N-2023-0170
Who
Department of Commerce, BAE Systems; Gina Raimondo

Summary by wheresthe.ai, from U.S. Department of Commerce. Checked against the source on 9 Oct 2026.

Source copy: download the page as saved on 21 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: What happened nextUS offers TSMC up to $6.6bn in CHIPS Act grants for three Arizona fabs

Data to measure this

Compare the years before 2023 with the years since in these series.

  • BACI product-level trade databaseCEPIIHarmonised annual bilateral trade for about 5,000 HS6 products among about 200 countries, including chips.Years: 1995-present · annual · download · CSV · Covers before and after
  • UN ComtradeUnited Nations Statistics Division · paidBilateral goods trade by reporter, partner and product code, for example HS 8542 integrated circuits.monthly · api · CSV, JSON, API

All data for United States

Cite this story

WTA-N-2023-0170: “Commerce agrees $35m CHIPS terms with BAE Systems, its first CHIPS incentive announcement.” wheresthe.ai, 11 Dec 2023. https://wheresthe.ai/d/us-chips-bae-systems-35m-terms-2023-12/ (source: U.S. Department of Commerce).

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