![]() Today’s announcement is the second PMT announcement the Department of Commerce has made under the CHIPS and Science Act. supply chains, creating good-paying jobs, protecting national security, and advancing U.S. President Biden signed the CHIPS and Science Act – part of his Investing in America agenda – into law in August 2022, with the goal of strengthening U.S. ![]() production of microcontroller units (MCUs) and other specialty semiconductors built on mature-nodes critical to America’s automotive, commercial, industrial, defense, and aerospace industries and create over 700 direct construction and manufacturing jobs. This investment would enable Microchip to significantly increase its U.S. have reached a non-binding preliminary memorandum of terms (PMT) to provide approximately $162 million in federal incentives under the CHIPS and Science Act to support the onshoring of the company’s semiconductor supply chain. Department of Commerce and Microchip Technology Inc. ![]() Today, the Biden-Harris Administration announced that the U.S. The Potential Investment Under the CHIPS and Science Act Would Shore Up Domestic Supply of Microcontroller Chips and Create Over 700 New Jobs
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