Microchip Technology receives $162M CHIPS Act funding for Colorado and Oregon fab expansions

The U.S. Department of Commerce announced preliminary terms for approximately $162 million in CHIPS Act funding to Microchip Technology to modernize and expand fabrication facilities in Colorado Springs, Colorado, and Gresham, Oregon, creating over 700 jobs.

“This investment would enable Microchip to significantly increase its U.S. production of microcontroller units (MCUs) and other specialty semiconductors built on mature-nodes critical to America's automotive, commercial, industrial, defense, and aerospace industries and create over 700 direct constru”commerce.gov

• 1 source
• commerce.govU.S. Department of CommerceJan 1, 2024

Summarized from public sources; check the original articles before acting on it.