Microchip Technology is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled ...

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

Microchip Technology will lay off 2,000 workers, including at its facilities in Gresham, Colorado and the Philippines, it ...

The company will also be shutting down operations at its Arizona chip manufacturing facilities in May, several months earlier ...

Microchip said Monday the 2,000 layoffs will save $80 million to $90 million on an annual basis. In addition to Oregon and ...

The company anticipates restructuring costs between $30 million and $40 million, covering cash severance and other related expenses ...

Microchip has reported five straight quarters of declining sales, with fourth-quarter revenue and profits falling below ...

Microchip Technology Inc. closed 42.38% short of its 52-week high of $100.57, which the company achieved on May 24th.

Now sees LT gross margins of 65% vs. prior view of 67.5%-68.5%, with operating expenses of 25% vs. prior view of 22.5%-23.5%, and operating margins of 40% vs. previous view of 44%-46%. Guidance taken ...

In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Microchip (MCHP – Research Report), with a price ...

Taiwan government will assist TSMC with its future investments in the United States while ensuring that the most advanced semiconductor technology will stay at home, the presidential office said in a ...