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Microchip Technology, Tempe
Microchip to close Arizona facility amid cost concerns
Microchip Technology Inc. said Monday it intends to shut down its Tempe computer chip factory as it tries to curtail costs amid an anticipated slowdown in sales.
Microchip Technology to close Tempe plant in cost-saving move that will affect 500 workers
Microchip Technology plans to close a Tempe manufacturing plant and transfer production to factories in other states, affecting 500 Arizona workers.
Microchip to close Tempe plant, impacting 500 employees
Microchip Technology will close its semiconductor factory in Tempe in 2025, affecting about 500 workers. By shutting the plant, known as Fab 2, Microchip expects to save about $90 million annually starting in 2026.
18h
on MSN
Microchip Pauses Chips Act Application Amid Inventory Woes
Microchip Technology Inc. is pausing its application for US semiconductor subsidies, making it the first known company to ...
7h
Semiconductor maker plans 'top-to-bottom' review after Tempe factory closure
CEO Steve Sanghi of Microchip Technology plans a review of company operations after the semiconductor maker said it would ...
6h
Microchip price target lowered to $87 from $90 at Stifel
Stifel lowered the firm’s price target on Microchip (MCHP) to $87 from $90 and keeps a Buy rating on the shares after the ...
1d
Microchip Says It Will Shut Arizona Plant, Updates Outlook
Microchip Technology Inc., a maker of chips for cars, consumer devices and other products, said it would close a plant in ...
1d
Microchip’s Long-Term Potential Outweighs Short-Term Challenges: Buy Rating Affirmed
Needham analyst Quinn Bolton has maintained their bullish stance on MCHP stock, giving a Buy rating today.Don't Miss our Black Friday ...
1d
Microchip Slashes Q3 Revenue Guidance, Issues Restructuring Plan
Microchip Tech lowers revenue guidance for Dec. 2024 quarter, announces manufacturing restructuring plans due to high ...
22h
on MSN
Microchip will close Arizona factory while it pursues federal subsidies to expand in Oregon, Colorado
Microchip Technology said Monday that it will close its factory in Tempe, Arizona, and lay off 500 next year amid depressed ...
23h
Why Microchip Technology (MCHP) Shares Are Trading Lower Today
Shares of analog chipmaker Microchip Technology (NASDAQ:MCHP) fell 10.3% in the morning session after the company provided ...
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