Biden administration awarding $162M to expand computer chip factories in Colorado, Oregon
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…