US Grants $162 Million to Chip Supplier to Boost Output, Create Jobs

The second batch of CHIPS and Science Act funding for US semiconductor production.
US Grants $162 Million to Chip Supplier to Boost Output, Create Jobs
Semiconductor chips on a printed circuit board, on Feb. 17, 2023. Florence Lo/Illustration/Reuters
Andrew Moran
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The U.S. Department of Commerce has announced $162 million in federal subsidies as part of a preliminary agreement with an Arizona-based computer chip maker to bolster the domestic supply of semiconductors and create new jobs.

The government grants will allow Microchip Technology to expand the production of microcontroller units and semiconductors vital to the aerospace, automobile, defense, and other industries.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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