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

More than 200 Microchip Technology employees in Colorado Springs will receive pink slips in March, part of the chipmaker's plans to lay off about 2,000 of its workers amid declining demand from ...

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 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 stock (NASDAQ:MCHP), a firm that produces microcontrollers, mixed-signal, analog, and Flash-IP integrated circuits, surged nearly 12% in Friday's trading and is up 17% over ...

Microchip Technology's 2024 struggles with high inventory, debt, and economic challenges make it a risky investment. Read why MCHP stock is a hold.

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 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 ...

American chipmaker Microchip Technology Incorporated has disclosed that a cyberattack impacted its systems over the weekend, disrupting operations across multiple manufacturing facilities.

Microchip Technology MCHP 2.06% raised the low ends of its sales and earnings guidance for its fiscal first quarter, thanks to higher-than-expected bookings. The semiconductor provider now expects ...