GRESHAM, Ore. — Semiconductor maker Microchip Technology has abruptly stopped pursuing a $162 million federal CHIPS Act grant, $72 million of which was intended to fund a major expansion of the company's factory in Gresham. The other $90 million would've ...

Microchip Technology said Thursday it is shelving a deal for $162 million in federal CHIPS Act subsidies to expand in Oregon and Colorado. “I have put the negotiations with the CHIPS office on hold for now,” Microchip CEO Steve Sanghi said at an ...

Governor Gretchen Whitmer would like to cap her second term by landing a massive microchip factory for Michigan before she leaves office at the start of 2027. Whitmer delivered a brief address from a pristine, high-tech training lab at Kettering University ...

Add Yahoo as a preferred source to see more of our stories on Google. Dutch authorities have, for the first time ever, invoked Cold War-era legislation to take control of a Chinese-owned microchip factory – prompting backlash from China. The move ...

Microchip Technology said Monday that it will close its factory in Tempe, Arizona, and lay off 500 next year amid depressed sales. Microchip said the closure will eventually save it $90 million a year. The same chips it makes in Arizona can also be made at ...

In a spring 1940 fireside chat, President Franklin Roosevelt warned listeners in living rooms and boardrooms across the country that because of the "approaching storm" of World War II, manufacturers would be called on to build 50,000 combat airplanes in 12 ...

Microchip Technology has hired a company to oversee the marketing and sale of its semiconductor manufacturing plant in Tempe. The move is part of the Chandler-based chipmaker's plans to enhance its operational efficiency and increase profitability.