A thriving company that makes microcontroller, analog, and Flash-IP integrated circuits, among other products, has announced plans to significantly expand one of its facilities in Colorado Springs.
Microchip Technology Incorporated, headquartered in Chandler, Arizona, is an international leader in everything from radio frequency devices to linear, interface, and wireless products. Launched in 1989, the company in 2021 recorded around $8 billion in revenue.
Now plans are underway for Microchip Technology to substantially expand its fabrication campus in Colorado Springs at a cost of around $880 million.
In a statement, Ganesh Moorthy, chief executive officer of the company, noted that the expansion was partly animated by the passage last year of the CHIPS and Science Act, which is providing funding and incentives for increased U.S. microchip production.
Essentially, the company will be expanding its existing 50-acre campus located at 1150 E. Cheyenne Mountain Boulevard, enabling the company to expand its silicon carbide and silicon production capacity.
The company has additional wafer fabrication facilities in Tempe, Arizona and Gresham, Oregon.
Earlier this month, Microchip Technology reported more than $2.1 billion in sales in the third quarter of 2022, chalking up its ninth consecutive quarter of growth.
By Garry Boulard
