Layoffs have hit companies from Microchip to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and ...

On the same day TSMC said it would spend billions and hire thousands more in Arizona, another computer chip company is ...

Arizona-based Microchips announced it's laying off about 2,000 employees, including employees at its Gresham, Oregon facility ...

Mizuho raised the firm’s price target on Microchip (MCHP) to $68 from $58 and keeps an Outperform rating on the shares following the business ...

Microchip Technology plans to cut 2,000 jobs, about 9% of its workforce, due to declining automotive demand. The ...

Microchip said Monday the 2,000 layoffs will save $80 million to $90 million on an annual basis. In addition to Oregon and ...

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 shares up nearly ...

Microchip has reported five straight quarters of declining sales, with fourth-quarter revenue and profits falling below ...

JPMorgan keeps an Overweight rating on Microchip (MCHP) with a $70 price target following the company’s business update call. The firm believes ...

The company will also be shutting down operations at its Arizona chip manufacturing facilities in May, several months earlier ...

Microchip Technology will lay off 2,000 workers, including at its facilities in Gresham, Colorado and the Philippines, it ...