Semiconductor company Microchip Technology (MCHP) stock dropped over 3% in after-hours trading after announcing a $1.35 billion convertible ...

Microchip Technology MCHP-4.11%decrease; red down pointing triangle is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut ...

Microchip Technology Inc. will close its Tempe semiconductor wafer manufacturing facility in May, several months earlier than expected. The closure will result in the layoff of 330 employees and ...

Microchip Technology has announced plans to lay off workers at its Oregon and Colorado facilities, blaming weak sales and a growing inventory surplus. Job losses announced by Microchip Credit: ...

March 3 (Reuters) - Microchip Technology (MCHP.O), opens new tab said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures its business to combat slowing ...

Microchip Technology detailed plans Monday to lay off 2,000 more workers across the company as it responds to steeply falling sales. The Oregonian/OregonLive reported last week that the Arizona ...

Microchip is to lay off 2,000 people representing 9% of its workforce because of weak automotive demand. In December of last year the company said it was closing its Arizona fab in Q3 2025 which would ...

Microchip Technology has announced plans to reduce its workforce by approximately 2,000 employees as part of a broader cost-cutting and restructuring initiative. The US-based semiconductor company ...

Microchip’s sales were down 45% through the first nine months of the year, at $3.4 billion. The company recorded a profit of ...

Microchip Technology said on Monday it will cut around 2,000 jobs, or about 9 per cent of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers.