Microchip filed a notice with the state of Arizona on March 3 announcing intent to lay off 330 people from the Tempe facility ...

The stock's fall snapped a two-day winning streak.

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

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

Microchip will also cease operations at its Arizona chip fab in May, affecting around 500 employees. While the company had ...

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 ...

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

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