BRIEF-Microchip Technology Announces Additional Restructuring Actions

Reuters

03-03

BRIEF-Microchip Technology Announces Additional Restructuring Actions

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

((Reuters.Briefs@thomsonreuters.com;))

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</span>Microchip Technology <span>MCHP.O</span>:</p><ul><li><p>MICROCHIP TECHNOLOGY INC - ANNOUNCES ADDITIONAL RESTRUCTURING ACTIONS</p></li><li><p>MICROCHIP TECHNOLOGY INC - TO SHUT DOWN TEMPE FAB 2 IN MAY 2025</p></li><li><p>MICROCHIP TECHNOLOGY INC - REDUCING HEADCOUNT AT MULTIPLE FACILITIES</p></li><li><p>MICROCHIP TECHNOLOGY INC - TO SHUT DOWN TEMPE, ARIZONA FACILITY IN MAY 2025</p></li><li><p>MICROCHIP TECHNOLOGY INC - TO REDUCE HEADCOUNT BY APPROXIMATELY 2,000 EMPLOYEES</p></li><li><p>MICROCHIP TECHNOLOGY INC - ESTIMATES RESTRUCTURING COSTS OF $30 MILLION TO $40 MILLION</p></li><li><p>MICROCHIP TECHNOLOGY INC - EXPECTS $90 MILLION TO $100 MILLION IN ANNUALIZED COST SAVINGS</p></li><li><p>MICROCHIP TECHNOLOGY INC - EXPECTS $45 MILLION CHARGES FROM CANCELLATION OF SUPPLY AGREEMENTS</p></li></ul><p>Source text: [ID:n0000827054-25-000037]</p><p>Further company coverage: <span>MCHP.O</span></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2087625088.SGD","symbol_name":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250303:nFWN3PM0C9:1","article_id":"2516801446","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516801446","pubTimestamp":1741004518,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BRIEF-Microchip Technology Announces Additional Restructuring ActionsMarch 3 (Reuters) - 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Microchip Technology MCHP.O:MICROCHIP TECHNOLOGY INC - ANNOUNCES ADDITIONAL RESTRUCTURING ACTIONSMICROCHIP TECHNOLOGY INC - TO SHUT DOWN TEMPE FAB 2 IN MAY 2025MICROCHIP TECHNOLOGY INC - REDUCING HEADCOUNT AT MULTIPLE FACILITIESMICROCHIP TECHNOLOGY INC - TO SHUT DOWN TEMPE, ARIZONA FACILITY IN MAY 2025MICROCHIP TECHNOLOGY INC - TO REDUCE HEADCOUNT BY APPROXIMATELY 2,000 EMPLOYEESMICROCHIP TECHNOLOGY INC - ESTIMATES RESTRUCTURING COSTS OF $30 MILLION TO $40 MILLIONMICROCHIP TECHNOLOGY INC - EXPECTS $90 MILLION TO $100 MILLION IN ANNUALIZED COST SAVINGSMICROCHIP TECHNOLOGY INC - EXPECTS $45 MILLION CHARGES FROM CANCELLATION OF SUPPLY AGREEMENTSSource text: [ID:n0000827054-25-000037]Further company coverage: MCHP.O ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}