Chandler, Arizona-based Microchip Technology Inc has now completed its purchase of a major additional wafer fabrication facility on undisclosed terms: the new facility is in Tempe, Arizona, 13 miles from the company’s current Chandler fabrication facility; the additional facility will more than double its total square footage available for wafer fabrication and the company says it presently expects that the new facility will be fully operational by October next year; the company plans to fund the purchase with a combination of existing cash and a commercial bank mortgage loan; total capital expenditures required for both the building and the additional equipment needed to bring the facility into initial production is put at about $25m.
