The U. S. Department of Commerce The U. S. Department of Homeland Security recently announced an initial agreement to supply Microchip Technology with $162 million in federal incentives under the CHIPS and Science Act. The company will use the budget to expand its semiconductor supply chain, reducing its reliance on foreign chip foundries and building resilience. .
The proposed investment would be split between two projects, the Commerce Department said, with about $90 million earmarked to “modernize and expand” Microchip’s plant in Colorado Springs, Colorado. The remaining $72 million would be used to expand a plant in Gresham, Oregon. The two expansion projects are expected to create 700 new jobs in structure and production, and are expected to “nearly triple” Microchip’s semiconductor production at the aforementioned sites.
According to Commerce Secretary Gina Raimondo, the investment is a significant step in the administration’s efforts toward the U. S. -sourced chain of “legacy semiconductors. “Chips made on mature nodes are everywhere, Raimondo said, powering cars, washing machines and even missiles.
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