A Colorado semiconductor manufacturer is receiving support for a project that may end up seeing it building a new facility in Colorado Springs.
The support is coming in the form of around $12.4 million in incentives approved by the Colorado Economic Development Commission.
The company in question at this point has not been publicly revealed and is only referred to as Project Salsa. But according to reports the company already has a plant in El Paso County and wants to build somewhere near that facility.
The company, characterized as a “prime semiconductor manufacturing company,” is said to be looking at other sites in Arizona, Oregon, and Virginia for what could prove to be a more than $1.5 billion project.
While the development commission has not disclosed the name of the company, the Denver Gazette has suggested that it may be Microchip Technology, which several months ago said it planned to upgrade its Colorado Springs facility.
Based in Chandler, Arizona, Microchip Technology specializes in the production of analog and microcontroller semiconductors. The company in January said it was prepared to spend upwards of $10 million building a new facility.
It is not yet known when the company in question will make a final determination regarding whether or not it wants to build in Colorado.
Created by the state legislature, the Colorado Economic Development Commission is tasked with crafting incentive packages designed to help both existing companies expand and encouraging out of state businesses to relocate to Colorado.
By Garry Boulard
