Microchip, closing factory and cutting jobs, backs out of deal for federal expansion subsidies

A agreement for $162 million in federal CHIPS Act subsidies to grow in Oregon and Colorado has been shelved, Microchip Technology announced Thursday.

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!

See also  2 changes Dan Lanning would like to see made to the College Football Playoff

Leave a Reply

Your email address will not be published. Required fields are marked *