"Federal Grants Totaling $324M Boost Microchip Production in Colorado and Oregon"
TL;DR Summary
The U.S. Department of Commerce has awarded Microchip, a Colorado Springs business, $162 million to expand its operations, creating at least 400 new jobs in the semiconductor industry. This expansion is seen as a significant step towards enhancing America's economic and national security by reducing dependency on foreign semiconductor suppliers. The investment will enable Microchip to triple its production nationwide, offering jobs with an average salary significantly higher than the county's average wage.
Topics:business##business-and-economy#coloradospringsjobs#economicsecurity#federalfunding#microchip#semiconductorindustry
- Microchips receive millions in federal funding, creates hundreds of Colorado Springs jobs KRDO
- Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon CNBC
- Oregon's Microchip Technology lands a $72M grant, set to double chip production capacity KATU
- Microchip wins $90 million in federal CHIPS funding to help boost production; what next for Colorado Springs? Colorado Springs Gazette
- Chip Industry Week In Review SemiEngineering
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
65%
209 → 73 words
Want the full story? Read the original article
Read on KRDO