Similar Stories to Microchip To Close Arizona Facility, Cites Oregon Expansion Options on Bing News

Greg Barr, Biz Journals
Mon, 12/02/2024 - 8:07pm

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.

Topics: microchip technology valley close

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BING NEWS:

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 ...
12/3/2024 - 6:47 pm | View Link
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 sales. Microchip said the closure will eventually save it $90 million a year ...
12/3/2024 - 7:51 am | View Link
Microchip to close Arizona facility amid cost concerns
Microchip had temporarily closed the Arizona factory for two weeks earlier in 2024 amid its previous cost-cutting moves before saying it will shutter the factory permanently.
12/2/2024 - 10:07 am | View Link
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