Microchip Technology said 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, sending its shares up nearly ...

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

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

On the same day TSMC said it would spend billions and hire thousands more in Arizona, another computer chip company is ...

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

Microchip Technology is undergoing significant restructuring in response to a downturn in the automotive chip market. The ...

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

President Trump and Taiwan Semiconductor Manufacturing announced a $100 billion company investment in Phoenix. The deal could ...

JPMorgan keeps an Overweight rating on Microchip (MCHP) with a $70 price target following the company’s business update call. The firm believes ...

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Microchip (MCHP – Research Report) and Pagaya ...

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

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 ...