The struggling chipmaker was in line for US$162mil in grants from the Chips and Science Act to support plants in Oregon and Colorado. — Bloomberg
NEW YORK: 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.
The struggling chipmaker was in line for US$162mil in grants from the Chips and Science Act to support plants in Oregon and Colorado.
