Company/Division name | MicroChip Technology Inc. |
Parent company | MicroChip Technology Inc. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 400 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2025 |
Capital investment ($): | 880 |
City reshored to: | Colorado Springs |
State(s) reshored to: | CO |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | silicon carbide (SiC) and silicon (Si) for chips |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Lead time/Time to market, Proximity to customers/market |