The US Commerce Department will award Microchip Technology a USD 162 million grant to boost the production of semiconductors and microcontroller units.

The grants will enable Microchip to triple the production of mature-node semiconductor chips and microcontroller units at two US factories. The funds include a USD 90 million grant to expand a fabrication facility in Colorado and an additional USD 72 million for a USD 800 million expansion already underway at Microchip’s semiconductor factory in Gresham.

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Congress approved the USD 52 billion CHIPS Act legislation in 2022, which served as the foundation for the grant.

With the assistance of these funds, Microchip Technology will triple the production of mature-node semiconductor chips and microcontroller units at two U.S. factories.

"These semiconductor chips are crucial for the U.S. automotive, commercial, industrial, defense, and aerospace industries," stated Lael Brainard, the White House National Economic Council director.

About Microchip Technology

Microchip Technology Incorporated manufactures microcontrollers, mixed-signal, analog, and Flash-IP integrated circuits. They are a leading provider of smart, connected, and secure embedded control solutions. Their products are used in a wide variety of applications, including industrial, automotive, consumer, aerospace and defense, communications, and computing.

Microchip’s Indian Expansion

Microchip is investing USD 300 million over multiple years to expand its semiconductor facility operations in India, one of the fastest-growing semiconductor hubs globally. This includes facility upgrades, engineering lab enhancements, talent acquisition, and support for regional technology consortia and educational institutions. This move will enable them to cater to the growing demand for their products in the Indian market and tap into the country's skilled workforce.

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