GRESHAM, Ore. — Semiconductor maker Microchip Technology has abruptly stopped pursuing a $162 million federal CHIPS Act grant, $72 million of which was intended to fund a major expansion of the ...

Let’s dig into the relative performance of Microchip Technology (NASDAQ:MCHP) and its peers as we unravel the now-completed Q3 analog semiconductors earnings season. As the U.S. stock market ...

Microchip Technology, which has faced headwinds in the market for its computer chips this year, plans to close down its Valley factory in 2025 to reduce costs, affecting hundreds of workers ...

Microchip Technology is down 24.5% since the beginning of the year, and at $65.39 per share, it is trading 34.3% below its 52-week high of $99.49 from May 2024.

These elements collectively contribute to the Buy rating, as they indicate that Microchip is positioning itself for improved profitability and growth in the coming years. In another report ...