Microchip Technology Inc. will close its Tempe semiconductor wafer manufacturing facility in May, several months earlier than ...

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

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

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 ...

Microchip Technology said on Monday it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker ...

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

An undisclosed number of Microchip Technology employees in Colorado Springs will receive pink slips this month, part of the chipmaker's plans to lay off about 2,000 of its workers worldwide amid ...

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

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

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

Microchip Technology has announced plans to reduce its workforce by approximately 2,000 roles, equating to about nine per cent of its global staff, as part of a strategic restructuring initiative.