The Biden administration awards $238M via the Defense Department to set up eight chip research hubs, one of the earliest releases of the nearly $53B CHIPS Act (Ana Swanson/New York Times)

Ana Swanson / New York Times:

The Biden administration awards $238M via the Defense Department to set up eight chip research hubs, one of the earliest releases of the nearly $53B CHIPS Act  —  The $238 million in grants will set up eight research hubs, as a small slice of the federal money that will go to chip companies and research facilities in the coming months.