Microchip Technology restructures: 2,000 layoffs across US and Philippines amidst automotive chip slump

Mavis Tsai, Taipei; Jingyue Hsiao, DIGITIMES Asia Tuesday 4 March 2025 0

Microchip Technology is undergoing significant restructuring in response to a downturn in the automotive chip market. The company has announced the layoff of approximately 2,000 employees, representing 9% of its total workforce. The layoffs will affect...

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