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Manufacturingexpansion

All articles tagged with #manufacturingexpansion

business-and-economy2 years ago•2 min saved

"Biden Administration Invests $162M to Triple Microchip Production in U.S. Factories"

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.

via The Hill|

##bidenadministration #business-and-economy

economy-and-business2 years ago•1 min saved

"Biden Administration Invests $162M in Computer Chip Expansion in Colorado, Oregon"

The Biden administration has allocated $162 million to Microchip Technology for expanding computer chip factories in Colorado and Oregon, aiming to triple U.S. production and create 700 jobs. This move, part of the CHIPS and Science Act, seeks to strengthen domestic semiconductor manufacturing, reduce reliance on foreign production, and address inflation by easing supply chain issues.

via The Associated Press|

##bidenadministration #chipsandscienceact

business-and-economy2 years ago•1 min saved

"U.S. Invests $162 Million in Microchip Production to Strengthen Semiconductor Industry"

The Biden administration has allocated $162 million to Microchip Technology from the CHIPS and Science Act to expand semiconductor production in Colorado and Oregon. This move aims to triple U.S. chip production, create jobs, and reduce reliance on foreign manufacturing, which is also expected to help control inflation by addressing supply chain issues that have previously driven up prices for consumer goods.

via CNBC|

##bidenadministration #business-and-economy