Microchip Technology plans to close a plant in Tempe, Arizona, in the September 2025 quarter, affecting about 500 employees, and lowers its Q3 revenue forecast (Zaheer Kachwala/Reuters)

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Zaheer Kachwala / Reuters:
Microchip Technology plans to close a plant in Tempe, Arizona, in the September 2025 quarter, affecting about 500 employees, and lowers its Q3 revenue forecast — Microchip Technology (MCHP.O) lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory …

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