"Federal Grants Totaling $324M Boost Microchip Production in Colorado and Oregon"
Originally Published 2 years ago — by KRDO
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.