Microchip Technology, which has faced headwinds in the market for its computer chips this year, plans to close down its Valley factory in 2025 to reduce costs, affecting hundreds of workers. Microchip ...

Microchip Technology said Monday that it will close its factory in Tempe, Arizona, and lay off 500 next year amid depressed sales. Microchip said the closure will eventually save it $90 million a year ...

Dec 2 (Reuters) - Microchip Technology (MCHP.O), opens new tab lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the ...

Semiconductor maker Microchip Technology has abruptly stopped pursuing a $162 million federal CHIPS Act grant, $72 million of which was intended to fund a major expansion of the company's factory in ...

Microchip Technology will announce layoffs of factory workers Monday at its plants in Oregon and Colorado as the chipmaker responds to plunging sales. “At this time, our analysis is still underway and ...

Governor Gretchen Whitmer would like to cap her second term by landing a massive microchip factory for Michigan before she leaves office at the start of 2027. Whitmer delivered a brief address from a ...