Microchip Technology MCHP1.30%increase; green up pointing triangle said it plans to cut its workforce following slower-than-expected turns orders and manufacturing restructuring plans. The ...

But that contract also requires Microchip to hit various expansion benchmarks and add 245 jobs, and it’s not clear whether the company will hit those milestones given its spending cuts.

Microchip Technology MCHP3.72%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 ...

Micron will be bringing a second semiconductor manufacturing plant to Boise, part of a broad expansion in domestic ...

In addition, Microchip completed a global layoff of 10% of its employees as part of its efforts to cut expenses. The company had announced plans to cut 2,000 jobs — including 330 workers based ...

BENGALURU: 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 ...

Technologycategory· March 3, 2025 Microchip Technology to cut 2,000 jobs as automotive demand wilts Microchip Technology said it will cut around 2,000 jobs, or about 9% of its workforce ...

Microchip Technology said it plans to cut its workforce following slower-than-expected turns orders and manufacturing ...

In addition, Microchip completed a global layoff of 10% of its employees as part of its efforts to cut expenses. The company had announced plans to cut 2,000 jobs — including 330 workers based ...