The company anticipates restructuring costs between $30 million and $40 million, covering cash severance and other related expenses ...

Microchip Technology is expected to pay between $30 million and $40 million in severance benefits and other restructuring costs as a result of the layoffs and plant closures. Despite these up-front ...

The layoffs will affect its Fab 4 facility in Gresham, Oregon; Fab 5 facility in Colorado Springs, Colorado; and its backend ...

Microchip Technology has announced plans to lay off workers at its Oregon and Colorado facilities, blaming weak sales and a ...

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

Microchip is to lay off 2,000 people representing 9% of its workforce because of weak automotive demand. In December of last ...

Escalating Sino-U.S. tensions are threatening chipmakers that rely on revenue from China, a strong market for most suppliers ...

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

Microchip Technology is undergoing significant restructuring in response to a downturn in the automotive chip market. The ...

Microchip Colorado Springs facility included in Microchip’s workplace reduction effort The Chandler, AZ-based chip maker is ...

Microchip Technology will lay off 2,000 workers in Gresham, Colorado and the Philippines. It employs about 850 at its Gresham facility, which it calls Fab 4.