U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries

U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries

The Biden administration announced plans Thursday to provide $162 million in federal grants to Microchip Technology, an Arizona-based semiconductor company that supplies the automotive, defense and other industries. The agreement is the second award under a new program designed to help ensure stable supplies for American companies that rely on semiconductors. Last month, the Biden…

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