US EditionMicrochip will close Arizona factory while it pursues federal subsidies to expand in Oregon, Colorado
- Microchip Technology Inc. will close its Tempe semiconductor factory, affecting about 500 employees, to pursue cost savings and expand in Colorado and Oregon.
- Interim CEO Steve Sanghi stated that high inventory levels led to the decision, with plans to expand capacity at facilities in Colorado and Oregon.
- The closure is expected to provide financial benefits by June 2026 and could create up to 700 jobs in other locations due to federal incentives.
17 Articles
17 Articles
Semiconductor Manufacturer to Close Arizona Factory Despite $162 Million in CHIPS Act Funds from Biden-Harris | The Star News Network
A semiconductor manufacturer announced Monday it will close its Tempe, Arizona factory in September of next year. The announcement came less than one year after the Biden-Harris administration announced $164 million in incentives to convince the company to expand its facilities in other states. Microchip Technology Inc. announced in a Monday quarterly call that the company would shut down its semiconductor manufacturing facility in Tempe, which …
Semiconductor Manufacturer to Close Arizona Factory Despite $162 Million in CHIPS Act Funds from Biden-Harris | December 3, 2024
A semiconductor manufacturer announced Monday it will close its Tempe, Arizona factory in September of next year. The announcement came less than one year after the Biden-Harris administration announced $164 million in incentives to convince the company to expand its facilities in other states. Microchip Technology Inc. announced in a Monday quarterly call that the company would shut down its semiconductor manufacturing facility in Tempe, which …
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