- Microchip Technology has made considerable investments in recruitment and capital equipment to meet its expanded production goals
- The chipmaker aims to triple production capacity to $800 million over a period of multiple years at its Gresham, Oregon facility.
Microchip Technology’s ambition to triple production capacity to $800 million at its Oregon facility is set to receive an impetus from the state government under the US CHIPS and Science Act. The Oregon state economic development agency, the city of Gresham and Multnomah County, have approved state and local incentives of approximately $42.4 million for Microchip Technology’s expansion plans.
The microcontroller manufacturer claims to have reached the halfway mark in workforce expansion and capital equipment investment at its manufacturing facility in Gresham, Oregon. The chipmaker aims to triple production capacity to $800 million over a period of multiple years at the said facility.
The company has made substantial progress in expanding and upgrading its 140-acre, 830,000-square-foot Gresham campus to raise its manufacturing capacity. As part of the investment, Microchip would be adding two cleanrooms and more than 160 new tools to its facility, which produces semiconductors from 8-inch wafers.
The company has added 300 new employees to its Gresham facility so far and plans to hire as many as 300 more over the next few years. The company employs more than 900 people at its Gresham campus, with an additional 300 contractors working on-site. The jobs at the facility range from production specialists to technical roles in equipment and process engineering, facilities and management.
Senator Ron Wyden who worked on getting the US federal CHIPS & Science Act into action, last year, said, “This good news for Gresham opens a fresh chapter for Oregon’s semiconductor industry with the new federal CHIPS and Science Act generating local dividends in the form of good-paying jobs and economic investment in our state.”
The US CHIPS and Science Act provides roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the US, over the next ten years. The majority—$200 billion—is for scientific research and development (R&D), and commercialisation. Of the remaining amount, $52.7 billion is for semiconductor manufacturing, R&D, and workforce development, with another $24 billion worth of tax credits for chip production. Three billion dollars have been slated for programs aimed at leading-edge technology and wireless supply chains.
President and CEO of Microchip, Ganesh Moorthy acknowledged the team at Gresham for achieving the milestone and thanked the state for the incentives provided. “Our steady growth demonstrates the vital role of semiconductors and the importance of the CHIPS & Science Act for providing the economic support required to help level the global playing field for U.S. companies,” he said.
Microchip Technology is a publicly listed American corporation that manufactures microcontrollers, mixed-signal, analog, and Flash-IP integrated circuits. It has more than 120,000 customers across the industrial, automotive, consumer, communications, computing and aerospace and defence markets.