Biden administration awarding $162M to expand computer chip factories in Colorado, Oregon ...Middle East

The Hill - Technology
Biden administration awarding $162M to expand computer chip factories in Colorado, Oregon
source : The Hill ( Middle East ) () 32
The Biden administration announced an agreement Thursday to provide $162 million in federal funding to Microchip Technology to expand production of computer chips domestically, the second tranche of money doled out from a bipartisan law signed in 2022. The Commerce Department announced preliminary terms with the Arizona-based manufacturer, which will allow the company to "significantly increase its U.S. production of microcontroller units (MCUs) and other specialty semiconductors built on mature-nodes critical to America’s automotive, commercial, industrial, defense, and aerospace industries and create over 700 direct construction and manufacturing jobs." As part of the deal, $90 m

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