A semiconductor manufacturer announced Monday it will close its Tempe, Arizona factory in September of next year. The announcement came less than one year after the Biden-Harris administration announced $162 million in incentives to convince the company to expand its facilities in other states.
Microchip Technology Inc. announced in a Monday quarterly call that the company would shut down its semiconductor manufacturing facility in Tempe, which will reportedly impact about 500 employees, as a cost-saving measure as executives instead look to the company’s facilities in Colorado and Oregon.
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