"Biden Administration Invests $162M to Triple Microchip Production in U.S. Factories"
TL;DR Summary
The Biden administration is awarding $162 million to Microchip Technology for the expansion of computer chip factories in Colorado and Oregon, aiming to boost domestic production of semiconductors. This funding, part of the CHIPS and Science Act, is expected to nearly triple the company's output and create over 700 jobs, enhancing the supply chain for critical industries and reducing reliance on foreign semiconductor sources.
Topics:business##bidenadministration#business-and-economy#chipsandscienceact#manufacturingexpansion#microchiptechnology#semiconductorindustry
- Biden administration awarding $162M to expand computer chip factories in Colorado, Oregon The Hill
- Biden to invest $162M in domestic Microchip factories Yahoo Finance
- U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries The New York Times
- Colorado Springs semiconductor company will triple its domestic microchip production through CHIPS Act grants Colorado Public Radio
- Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon CNBC
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