Microchip also announced plans to sell its integrated ... saying it was adjusting its production capacity in line with weak demand. Future of Moneycategory Fintechs and crypto companies seek ...

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers ...

Microchip told investors last week that it has 266 days’ worth of inventory on hand. Its target is 130 to 150 days. The company said it doesn’t believe the market has hit bottom yet.

Microchip Technology said on Monday it will cut around 2,000 jobs, or about 9 per cent of its workforce, as the chipmaker restructures its business to combat slowing demand from automakers.