Microchip Technology Incorporated is ... ’25 to a long-term rate of 25%. This will include a 10% reduction of office staff which will likely occur in Q4 ’25.

Microchip Technology said Thursday it is shelving a deal for $162 million in federal CHIPS Act subsidies to expand in Oregon and Colorado. “I have put the negotiations with the CHIPS office on ...

Microchip Technology Incorporated (NASDAQ:MCHP) Business Update Call March 3, ... The layout of office employees will save approximately $90 million to $100 million per year in operating expenses.

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 ...

CHANDLER, Ariz., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Victor Peng ...

Microchip Technology MCHP-0.14%decrease; red down pointing triangle is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled chip maker looks to cut ...

Microchip Technology to cut 2,000 jobs as automotive demand wilts 500k MT sugar import: FBR exempts customs duty, reduces sales tax from 18% to 0.25% Pakistan receives record $38.3bn in ...