Microchip to close Arizona facility amid cost concerns
Microchip Technology Inc. said Monday it intends to shut down its Tempe computer chip factory as it tries to curtail costs amid an anticipated slowdown in sales.
Microchip Technology to close Tempe plant in cost-saving move that will affect 500 workers
Microchip Technology plans to close a Tempe manufacturing plant and transfer production to factories in other states, affecting 500 Arizona workers.
Microchip to shutter Arizona fab
Microchip is to shutter a fab in Arizona and has lowered its forecast for the final quarter of the year as automotive orders decelerate. "With inventory
Microchip Says It Will Shut Arizona Plant, Updates Outlook
Microchip Technology Inc., a maker of chips for cars, consumer devices and other products, said it would close a plant in Tempe, Arizona, affecting about 500 employees.
Microchip to close Arizona fab amid revenue slowdown
Microchip Technology announced plans to shut down its Fab 2 facility in Tempe, Arizona, as part of a broader restructuring effort amid declining revenue and persistent inventory challenges. The closure,
Microchip Technology plans to shut down East Valley facility within next year
Microchip Technology plans to shut down the Tempe manufacturing facility in the September 2025 quarter. TEMPE, Ariz. — Microchip Technology Incorporated announced Monday the company plans to shut down its manufacturing facility in Tempe.
Microchip Technology lowers quarterly revenue forecast, shuts Arizona factory
Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure under interim CEO Steve Sanghi.
Microchip to close Arizona fab amid inventory glut
Called Fab 2, the process technologies from the Arizona fab will run in Microchip’s Oregon and Colorado factories, which also have abundant cleanroom space for the expansion, according to interim Microchip CEO Steve Sanghi.
Microchip Technology Lowers Revenue Forecast and Shuts Arizona Plant
Microchip Technology adjusted its revenue expectations for the third quarter on Monday, predicting figures near the lower end of its $1.03 billion forecast. This revised outlook falls short of analysts’ predictions of $1.
Microchip to close Arizona facility, cites Oregon expansion options
This is the second time this year that Microchip has announced it would temporarily shutter its semiconductor fab in Arizona.
Microchip will close Arizona factory while it pursues federal subsidies to expand in Oregon, Colorado
Microchip Technology said Monday that it will close its factory in Tempe, Arizona, and lay off 500 next year amid depressed ...
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Microchip expansion halt is a wake-up call for Chinese automotive MCU makers
Following American chipmaker Microchip Technology's announcement regarding the closure of its Fab 2 wafer factory in ...
Microchip pauses Chips Act application
Microchip Technology Inc is pausing its application for US semiconductor subsidies, making it the first known company to step ...