Microchip Technology Layoffs: Semiconductor Giant to Cut 2,000 Jobs Amid Weak Automotive Demand
Microchip Technology, a leading US-based semiconductor company, has announced plans to lay off approximately 2,000 employees, accounting for 9% of its global workforce. The decision comes as part of a ...
Microchip to lay off 2,000 workers, moves up Valley factory closure
On the same day TSMC said it would spend billions and hire thousands more in Arizona, another computer chip company is ...
Microchip will lay off 2,000 in Oregon, Colorado and the Philippines
Microchip said Monday the 2,000 layoffs will save $80 million to $90 million on an annual basis. In addition to Oregon and ...
Microchip cyclical bottom may be forming, says JPMorgan
JPMorgan keeps an Overweight rating on Microchip (MCHP) with a $70 price target following the company’s business update call. The firm believes ...
The list of major companies laying off staff this year, including Microchip, Starbucks, Meta, and Microsoft
Layoffs have hit companies from Microchip to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and ...
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Microchip scanning stations for lost pets set up at WPD headquarters
The local police department and a nonprofit have paired up in order to facilitate lost pets being reunited with their owners.
Microchip price target raised to $68 from $58 at Mizuho
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 ...
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Microchip announces layoffs at Gresham facility
Arizona-based Microchips announced it's laying off about 2,000 employees, including employees at its Gresham, Oregon facility ...