Economy

“New Hampshire: Preparing to Quadruple Chipmaking for Combat Air Power”

The city of Rochester located in New Hampshire recently announced plans to quadruple its chipmaking efforts to provide critical components essential in the construction of fighter jets.

The three-year contract between the U.S. Department of Defense (DOD) and Rochester’s leading chip manufacturer is estimated to be worth $50 million. It was awarded following a jurisdiction decision between the two dominations regarding the exportation of chips for military use. The chips created in Rochester will be able to store data from the flight systems of fighter jets, allowing these aircrafts to safely navigate in unpredictable environmental conditions.

The government’s investment scheme is also expected to provide greater job security to the 700-plus employees at the chip-making facility in Rochester. The head of the facility’s parent company, rose Michael Baden, stated,

“This new partnership advances our mission of putting the most advanced chip-making technology into the hands of our military servicemembers, ensuring they have the best technology possible.”

Rochester is considered to be a thriving tech hub in New Hampshire, home to many leading chip companies, including Aeroflex Corp., IBM, and others. This news is likely to further strengthen the city’s reputation as one of the most remarkable and innovative locations in the country.

The new agreement will likely position Rochester further as a leader in chip-making technology. The city hopes that the investment will create an even brighter future for its leading chip manufacturing facility, and plans to continuously innovate with the latest technological advances.

With its recent successes with the military contract, Rochester is expected to be one of the top chip producers in the country. Though the contract for this specific mission is set for three years, Rochester is hopeful that its partnership with the DOD will continue well beyond that period.

You May Also Like

Editor's Pick

Controversy ensued recently when a vocal group within the Republican party (in the United States) began to make the argument that the Speaker position,...

Stock

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Top News

Intensified aerial strikes in and around the Hamas-controlled Gaza Strip have been met with retaliatory releases of Israeli hostages by the militant organization. On...

Economy

In an effort to promote stronger loyalty among customers, Delta Air Lines has recently announced changes that will make it more difficult to earn...

Disclaimer: YourRetireInvest.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 YourRetireInvest. All Rights Reserved.

Exit mobile version