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Microchip, Arizona

Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views

The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.

U.S. News & World Report · 2d

Microchip Technology Lowers Quarterly Revenue Forecast, Shuts Arizona Factory

Microchip has been through a tumultuous few quarters, grappling with slowing orders for its automotive chips as carmakers, navigating an uncertain macro economy, clear existing inventory which they built up to avoid a supply crunch.

DMR News (English) on MSN · 1d

Microchip Technology Lowers Revenue Forecast and Shuts Arizona Plant

Microchip Technology adjusted its revenue expectations for the third quarter on Monday, predicting figures near the lower end of its $1.03 billion forecast. This revised outlook falls short of analysts’ predictions of $1.

Microchip Pauses Chips Act Application

Bloomberg on MSN · 1d

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 step back from a program designed to revitalize American chipmaking.

The Star · 4h

Microchip pauses Chips Act application

Microchip Technology Inc is pausing its application for US semiconductor subsidies, making it the first known company to step back from a programme designed to revitalise American chipmaking.

Seeking Alpha on MSN · 13h

Microchip pauses US Chips Act application amid 'capacity' woes - report

Microchip Technology (NASDAQ:MCHP) is pausing its application for U.S. chip subsidies, making it the first known company to step back from a program aimed at boosting U.S. chip manufacturing capabilities,

Digi Times2h

Microchip expansion halt is a wake-up call for Chinese automotive MCU makers

Following American chipmaker Microchip Technology's announcement regarding the closure of its Fab 2 wafer factory in ...

14h

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 ...

ABC15 Arizona7h

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 ...

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 ...

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, ...

13h

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 ...

KJZZ1d

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 ...

1don MSN

Microchip Technology plans to shut down East Valley facility within next year

Microchip Technology plans to shut down the Tempe manufacturing facility in the September 2025 quarter. TEMPE, Ariz. — Microchip Technology Incorporated announced Monday the company plans to shut down ...

Microchip stock price is on the verge of a bearish breakout

Microchip stock price remains in a strong bear market after falling by almost 30% from its highest level this year. MCHP ...

1don 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 ...

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Microchip, Arizona

Microchip Pauses Chips Act Application

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