A agreement for $162 million in federal CHIPS Act subsidies to grow in Oregon and Colorado has been shelved, Microchip Technology announced Thursday.
At an investor presentation on Thursday, Microchip CEO Steve Sanghi stated, “I have put the negotiations with the CHIPS office on hold for the time being,” according to Bloomberg. We’ll probably be in the new government by the time I understand it.
Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!
