BRIEF-Microchip Technology Announces Additional Restructuring Actions
ReutersMar 3, 2025 12:21 PM
March 3 (Reuters) - Microchip Technology MCHP.O:
MICROCHIP TECHNOLOGY INC - ANNOUNCES ADDITIONAL RESTRUCTURING ACTIONS
MICROCHIP TECHNOLOGY INC - TO SHUT DOWN TEMPE FAB 2 IN MAY 2025
MICROCHIP TECHNOLOGY INC - REDUCING HEADCOUNT AT MULTIPLE FACILITIES
MICROCHIP TECHNOLOGY INC - TO SHUT DOWN TEMPE, ARIZONA FACILITY IN MAY 2025
MICROCHIP TECHNOLOGY INC - TO REDUCE HEADCOUNT BY APPROXIMATELY 2,000 EMPLOYEES
MICROCHIP TECHNOLOGY INC - ESTIMATES RESTRUCTURING COSTS OF $30 MILLION TO $40 MILLION
MICROCHIP TECHNOLOGY INC - EXPECTS $90 MILLION TO $100 MILLION IN ANNUALIZED COST SAVINGS
MICROCHIP TECHNOLOGY INC - EXPECTS $45 MILLION CHARGES FROM CANCELLATION OF SUPPLY AGREEMENTS
Source text: [ID:n0000827054-25-000037]
Further company coverage: MCHP.O
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