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Microchip Pauses Chips Act Application Amid Inventory Woes

By Yahoo! Finance   |   1 year ago
Microchip Pauses Chips Act Application Amid Inventory Woes

Microchip Technology Inc. has decided to pause its application for US semiconductor subsidies, impacting its planned $162 million grants. The company's CEO cited the need to reassess amid changes in the new administration. This move is a setback for Biden officials working to finalize awards from the Chips Act.

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