# 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.

- Type: Investment
- Announced: 2024-01-01
- Where: Colorado Springs, Colorado; Gresham, Oregon, United States
- Value: $162.0M
- Jobs: 700
- Status: announced
- Capacity: nearly triple the output of semiconductors
- Products: microcontroller units (MCUs), mature-node semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Microchip Technology](https://endata.com/companies/23471.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [commerce.gov](https://www.commerce.gov/news/press-releases/2024/01/biden-harris-administration-announces-chips-preliminary-terms-microchip), 2024-01-01: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.