Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

URLhttps://webcache.googleusercontent.com/search?q=ca
SourceABC News
Date Published01/04/2024
Author NameJOSH BOAK

Additional Reshoring Information:

Company/Division name MicroChip Technology Inc.
Parent companyMicroChip Technology Inc.
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Total number of jobs (added or to be added):700
Year reshoring announced:2023
City reshored to:Chandler
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredmicrocontrollers for auto and military
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, CHIPS
Government Incentive dollar amount:$162 mil
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