Metro Phoenix is growing into a major hub for the production of semiconductors, which are used to power all sorts of electronic devices, from cell phones and computers to aircraft and power plants.

Microchip Technology Incorporated announced Monday the company plans to shut down its manufacturing facility in Tempe. The company's leaders said "certain actions are necessary" after examining ...

Microchip Technology has relied heavily on acquisitions for growth, with minimal organic growth. Learn why MCHP stock is a ...

Microchip Technology, which has faced headwinds in the market for its computer chips this year, plans to close down its Valley factory in 2025 to reduce costs, affecting hundreds of workers.

It’s unclear if Tempe facility employees will be offered transfers or other positions within the company, which has offices in 10 states and multiple countries worldwide. Microchip Technology ...

Microchip Technology reduced its third-quarter revenue guidance and announced restructuring plans. The company announced plans to shut down its Tempe wafer fabrication facility. The update ...

Microchip Technology Incorporated (MCHP), headquartered ... The company also announced plans to close its Tempe, Arizona, wafer fabrication facility (Fab 2) by Q3 2025, targeting $90 million ...

But the local industry will take a hit, as Microchip Technology plans to close a chipmaking factory or “fab” in Tempe in an effort to cut inventory, reduce expenses and adjust its ...

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. In a regulatory filing released ...