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Rocket Lab will use the money to upgrade its manufacturing plant in Albuquerque, New Mexico.
Rocket Lab has secured up to $23.9 million from the CHIPS Act for solar cell manufacturing.
KEY POINTS
- The funding aims to boost Rocket Lab’s semiconductor production by 50% in three years.
- Rocket Lab's solar cells power critical programs, including Artemis, Mars missions, and commercial satellites.
- BAE Systems will receive up to $35.5 million to quadruple chip production for US defense programs.
COMPANIES
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