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"U.S. Invests $162 Million in Microchip Production to Strengthen Semiconductor Industry"

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Source: CNBC
"U.S. Invests $162 Million in Microchip Production to Strengthen Semiconductor Industry"
Photo: CNBC
TL;DR

The Biden administration has allocated $162 million to Microchip Technology from the CHIPS and Science Act to expand semiconductor production in Colorado and Oregon. This move aims to triple U.S. chip production, create jobs, and reduce reliance on foreign manufacturing, which is also expected to help control inflation by addressing supply chain issues that have previously driven up prices for consumer goods.

Topics:businessbusiness-and-economy##bidenadministration#business-and-economy#chipsact#manufacturingexpansion#microchiptechnology#semiconductorindustry
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  1. Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon  CNBC
  2. U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries  The New York Times
  3. US plans $162 million award to Microchip Technology to boost production  Reuters.com
  4. US Awards Microchip $162 Million to Boost Legacy Semiconductors  Bloomberg
  5. The Semiconductor Industry Needs to Learn From the Past  TIME

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