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The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.
Microchip Technology is the second company to ink a preliminary memorandum of terms with the U.S. Commerce Department under the CHIPS & Science Act,...
Bringing Taiwan to the World and the World to Taiwan
The outlook is getting uglier for chip makers that serve the auto industry.
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The Commerce Department said it would grant Microchip Technology Inc. $162 million in federal funding from the CHIPS Act to boost chip production.