The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.
The incentives include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology to triple its domestic production and reduce its dependence on foreign factories.
Much of the money would fund the making of microcontrollers, which are used by the military as well as in autos, household appliances and medical devices. Government officials said they expected the investments to create 700 construction and manufacturing jobs over the next decade.
I think reducing dependency is a huge gain here and probably the more important point. We all saw what happened with the shortages.
Beyond that, I don’t know what the portion is that is construction. There might be a lot of oversight and QA positions. But even temporary jobs are good. If it takes a year to build, people are getting paid for a year.
Right, hence “not poo pooing those jobs” as they are certainly important, and construction jobs are always temporary (unless they’re apparently road construction ones :) )
It’s just always vague the net new in that area.
No doubt, getting more important manufacturing in country is a big win.