Microchip told investors last week that it has 266 days’ worth of inventory on hand. Its target is 130 to 150 days. The company said it doesn’t believe the market has hit bottom yet.

Global microchip revenue hit $627.6 billion in 2024, up 19.1% from 2023. Demand for microchips is rising, driving manufacturers to expand production. Investing in key microchip companies is a ...

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

Shares of Microchip Technology are up on the Nasdaq Wednesday, after the company said it was releasing an AI-powered coding assistant. In afternoon trading, shares gained 10.3% to $63.87.

Elon Musk has questioned the microchip claims made by DeepSeek AI, a fast-emerging player in the artificial intelligence pool, which is starting to challenge the United States' control over the AI ...

In a breakthrough that could redefine the future of computing, Chinese scientists have developed the world’s first carbon-based microchip capable of running artificial intelligence tasks using a ...