Commerce Department Grants Microchip Technology $162M From CHIPS to Help With US Expansion
The Department of Commerce is set to provide an estimated $162 million in federal incentives to Microchip Technology under the CHIPS and Science Act of 2022. The two organizations have entered into a non-binding preliminary memorandum of terms to support Microchip’s plan to increase its production capabilities in the United States. The CHIPS grant will […]
