Microchip to invest $880M to expand its SiC and Si capacity in Colorado

URLhttps://www.greencarcongress.com/2023/02/20230219-
SourceGreen Car Congress
Date Published02/19/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name MicroChip Technology Inc.
Parent companyMicroChip 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) reshoredsilicon 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
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