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 ...

Microchip Technology is up ~6% in after-hours trading Thursday after releasing fiscal 2025 Q4 results that beat on both lines and initiating FY26 Q1 EPS guidance. The company projects Q1 non-GAAP ...

Microchip Technology MCHP 1.91% is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut costs amid declining sales. The ...

Microchip Technology said it plans to cut its workforce following slower-than-expected turns orders and manufacturing restructuring plans. The Chandler, Ariz., total system solutions provider said ...

Microchip Technology faces significant challenges, including a 50% revenue drop, declining margins, and high debt levels, making current investments unattractive. The company's heavy reliance on ...

• Microchip Technology has a price-to-sales (P/S) ratio of 5.2 compared to a figure of 2.8 for the S&P 500 • Furthermore, the company’s price-to-free cash flow (P/FCF) ratio is 22.0 in ...

Microchip Technology said on Tuesday an "unauthorized party" disrupted the company's use of certain servers and some business operations, marking the latest security incident at a U.S. chipmaker ...

Microchip Technology added that the attackers had stolen some employee data from its systems but it has yet to find evidence that customer information was also exfiltrated during the breach.

Microchip Technology reports record revenue in Q1 FY24 but anticipates negative guidance in the near future. Check out my recommendation on MCHP stock.