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Microchip Technology, Inc. (Colorado)
Colorado Springs,
CO 80906
Key Facts
Credit:
CHIPS for America
On January 4, 2024,The Department of Commerce and Microchip Technology Inc. signed a non-binding preliminary memorandum of terms (PMT).
- The proposed $162 million in federal incentives would be split across two separate projects. For Colorado Springs, Colorado, the project consists of:
- Approximately $90 million to modernize and expand a fabrication facility in Colorado Springs, Colorado
- This proposed investment would enable Microchip to significantly increase its U.S. production of microcontroller units and other specialty semiconductors built on mature-nodes critical to America’s automotive, commercial, industrial, defense, and aerospace industries.
- The projects are estimated to nearly triple the share of semiconductors the company produces at these sites, decreasing its reliance on foreign foundries and strengthening supply chain resilience.
Read the full CHIPS for America press release by clicking here.
Proposed Award Amount
approximately $162 million in proposed incentives (split across Colorado Springs, CO and Gresham, OR projects)
Application Stage
PMT
CHIPS Organization
CHIPS Program Office