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Microchip is performing better than management expected when it hosted its investor call on May 8, with higher-than-expected bookings, Chief Executive Steve Sanghi said.
CHANDLER, Ariz., June 09, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the ...
Greetings, and welcome to Microchip's business update call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator ...
Shares of analog chipmaker Microchip Technology (NASDAQ:MCHP) jumped 11.8% in the afternoon session after the company reported strong first quarter 2025 results with revenue guidance for next ...
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's CEO reports progress on turnaround plan with job cuts and inventory reduction, seeing recovery signs after a challenging year.
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 shares surged Friday after the struggling chipmaker issued a better-than-expected forecast, and several analysts raised their price targets for the stock.
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.
Chipmaker Microchip Technology forecast first-quarter revenue and profit above estimates following an upbeat fourth-quarter revenue on Thursday, signaling a recovery in demand for its chips.
Microchip Technology has recently underperformed the technology sector, but analysts remain optimistic about its long-term growth prospects.
Microchip Technology will lay off 2,000 workers in Gresham, Colorado and the Philippines. It employs about 850 at its Gresham facility, which it calls Fab 4.
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