Microchip reaches milestone in $800M initiative to triple semi output in Oregon

Microchip Technology has reached a milestone in its multi-year, $800M initiative aiming to triple production capacity at its Gresham, Oregon manufacturing facility. Celebrating close to the halfway mark in a major workforce expansion and capital equipment investment, the efforts are part of Microchip’s larger initiative to ramp up overall production in the U.S. as demand continues to grow for semiconductor products across a broad range of industries. "We want to recognize the Microchip Gresham team for their dedication and ongoing hard work on this expansion and thank the state of Oregon and its elected officials for the incentives they have approved in support of its completion," said Ganesh Moorthy, President and CEO of Microchip Technology. "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." Working with the Business Oregon state economic development agency, the City of Gresham and Multnomah County, Microchip has been approved to receive state and local incentives of approximately $42.4 million for the expansion.