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Microchip Pauses Chips Act Application
Microchip Pauses Chips Act Application Amid Inventory Woes
Microchip Technology Inc. is pausing its application for US semiconductor subsidies, making it the first known company to step back from a program designed to revitalize American chipmaking.
Microchip pauses US Chips Act application amid 'capacity' woes - report
The chipmaker was in line for $162M in grants under the U.S. Chips and Science Act to support facilities in Oregon and Colorado. Since then, Microchip has furloughed employees twice at the plants in Oregon and announced plans to shut down a factory in Arizona, impacting about 500 staff, the report added.
Microchip pauses Chips Act application
Microchip Technology Inc is pausing its application for US semiconductor subsidies, making it the first known company to step back from a programme designed to revitalise American chipmaking.
Opinion
3h
Opinion
EDITORIAL: Vigilance needed against CHIPS repeal
When the CHIPS and Science Act was passed in 2022 and signed into law by President Joe Biden, it was hailed as a major win for Ohio, authorizing about $280 billion in federal funds to boost research ...
8d
Intel's Chips Act payout down $600M from initial deal; Ohio project lands $1.5 billion
The Biden Administration announced it released $7.865 billion in funding for Intel as part of its CHIPS Incentives Program.
8d
Intel’s CHIPS Act funding set to be slashed by the Biden administration, reports say
The outgoing Biden administration is reportedly going to slash the preliminary $8.5 million grant it awarded to Intel Corp.
6h
on MSN
Intel’s CEO shake-up puts foundry plans, CHIPS Act cash at risk
Intel (INTC) is in crisis. The company forced out CEO Pat Gelsinger on Monday, its stock price is down more than 50% on the ...
9d
Intel’s CHIPS Act grant reduced as production delays and losses mount
Funding for the semiconductor giant is cut to under $8 billion, reflecting financial challenges and investment delays.
9d
Feds to reduce Intel's $8.5B CHIPS Act award, report says
Planned reduction reflects a $3 billion CHIPS Act award for military work but also "takes into account Intel’s technology ...
AZ Central
8d
Intel secures nearly $7.9B in CHIPS Act funds, half headed to Arizona
The U.S. Department of Commerce announced that it will make a final award to Intel Corp. of up to nearly $7.87 billion in ...
12d
EU Chips Act 2.0 should include legacy chips, says industry group chief
The European Commission should expand plans to strengthen its computer chip sector to include "foundational and legacy" ...
8d
on MSN
Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
Donald Trump has previously criticized the CHIPS Act and suggested he would prefer tariffs to incentivize semiconductor ...
The Register on MSN
5d
Fine print in Intel's CHIPS Act deal includes requirement to keep control of its foundries
That will limit Chipzilla's ability to cash in and bail itself out Intel has quietly revealed that the $7.86 billion of cash ...
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Intel
Microchip Technology
Joe Biden
United States
Pat Gelsinger
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