June 13, 2024

The Biden administration introduced an settlement Thursday to supply $162 million in federal funding to Microchip Expertise to develop manufacturing of laptop chips domestically, the second tranche of cash doled out from a bipartisan regulation signed in 2022.

The Commerce Division introduced preliminary phrases with the Arizona-based producer, which can enable the corporate to “considerably enhance its U.S. manufacturing of microcontroller models (MCUs) and different specialty semiconductors constructed on mature-nodes vital to America’s automotive, business, industrial, protection, and aerospace industries and create over 700 direct building and manufacturing jobs.”

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