Shares of Microchip Technology Inc. MCHP rallied 2.59% to $59.77 Friday, on what proved to be an all-around favorable trading ...

Microchip filed a notice with the state of Arizona on March 3 announcing intent to lay off 330 people from the Tempe facility ...

The layoffs will affect its Fab 4 facility in Gresham, Oregon; Fab 5 facility in Colorado Springs, Colorado; and its backend ...

The stock's fall snapped a two-day winning streak.

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

More than 200 Microchip Technology employees in Colorado Springs will receive pink slips in March, part of the chipmaker's ...

Microchip will also cease operations at its Arizona chip fab in May, affecting around 500 employees. While the company had ...

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 ...

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