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 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 ...

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 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 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 ...

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

This technology is especially popular in Sweden as a substitute for paying with cash. “Only 1 in 4 people living in Sweden use cash at least once a week,” writes NPR.

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