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 ...

The local police department and a nonprofit have paired up in order to facilitate lost pets being reunited with their owners.

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

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

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 ...

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

Microchip Technology plans restructuring to streamline operations and reduce costs. The company will cut 2,000 jobs, ...

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

Microchip Technology is reducing its workforce across manufacturing and corporate operations by about 2,000 as the embattled ...