[ad_1]
Microchip Technology, a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, has revealed plans to close its Fab 2 facility in Tempe, Arizona. This decision comes as part of the company’s efforts to restructure operations due to a decrease in revenue and ongoing inventory issues.
The closure of the Fab 2 facility is set for September 2025 and is expected to affect a significant number of employees. Microchip Technology has not disclosed the exact number of employees who will be impacted by this decision. The company stated that it will work closely with affected employees to provide support and assistance during this transition period.
Microchip Technology highlighted that the decision to close the Fab 2 facility is part of a broader strategy to streamline operations and focus on more profitable areas of the business. The company remains committed to serving its customers and partners while navigating these challenges.
Investors and industry analysts are closely monitoring the situation and will be looking for updates on Microchip Technology’s restructuring efforts in the coming months.
Source
Photo credit www.digitimes.com
