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WASHINGTON (AP) — President Joe Biden’s administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domes
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
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Officials estimate the award would create 700 construction and manufacturing jobs across both states.
COLORADO SPRINGS — Microchip Technology Inc. will receive a $162 million federal incentive under the federal CHIPS and Science Act to support bringing the company’s semiconductor supply chain on-shore.