More than 200 Microchip Technology employees in Colorado Springs will receive pink slips in March, part of the chipmaker's ...

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

The ubiquitous ESP32 microchip made by Chinese manufacturer Espressif and used by over 1 billion units as of 2023 contains ...

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 ...

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 ...

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