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Semiconductor maker plans 'top-to-bottom' review after Tempe factory closure
Sanghi said the review included re-evaluating the company's need for federal funds under the CHIPS and Science Act. 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, ...
Microchip to close Arizona facility amid cost concerns
Microchip had temporarily closed the Arizona factory for two weeks earlier in 2024 amid its previous cost-cutting moves ...
Intel’s CEO shakeup puts foundry plans, CHIPS Act cash at risk
Intel's CHIPS Act funding could disappear if the company ditches its plans to expand its manufacturing footprint.
Microchip Technology Updates December 2024 Quarter Revenue Guidance, and Announces Manufacturing Restructuring Plans
CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, provided lower updated revenue ...
Microchip Technology Lowers Quarterly Revenue Forecast, Shuts Arizona Factory
(Reuters) - Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure ...
Microchip Technology announces restructuring and lowers guidance; shares fall
Microchip Technology (MCHP) lowers revenue guidance for December 2024, announces manufacturing restructuring plans.