Microchip Technology seeks to cut costs and resize its operations in cutbacks hitting its Colorado operations and companywide ...

Microchip Technology 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.

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 ...

The company has received millions from the CHIPS and Science Act, which the Trump Administration hopes to repeal.

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March 3 (Reuters) - Microchip Technology (MCHP.O), opens new tab said it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker restructures its business to combat slowing ...

Microchip Technology plans to cut 2,000 jobs, about 9% of its workforce, due to declining automotive demand. The ...

The Chandler, Arizona-based company has been grappling with tepid demand from automotive customers that are struggling to clear existing chip inventory, dragging Microchip's shares down more than 36% ...

Microchip Technology is expected to pay between $30 million and $40 million in severance benefits and other restructuring costs as a result of the layoffs and plant closures. Despite these up-front ...

Microchip Technology MCHP0.36%increase; green up pointing triangle is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut ...