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White House officials announced TSMC will receive $6.6 billion in funding from the CHIPS Act, most will help fund the massive facility's construction.
Microchip Technology Inc. has landed $162 million in federal CHIPS Act funding to boost semiconductor production.
The Biden administration is providing $162 million in incentives to expand facilities for an Arizona-based computer chip manufacturer.The funds provided to the Chandler-based Microchip Technology Inc. come from the CHIPS and Science Act signed by President Joe Biden in 2022.The incentives include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to
Microchip Technology Inc. has landed $162 million in federal CHIPS Act funding to boost semiconductor production, create 700 new jobs and expand its fabs in Colorado and Oregon.
Arizona doesn't have auto manufacturing factories and hasn't felt a noticeable impact from the UAW strike. But some suppliers could be pinched.