Microchip Technology Accelerates Restructuring: Premature Arizona Fab Closure and Mass LayoffsMicrochip Technology recently announced a series of additional restructuring measures aimed at reducing costs and right-sizing its manufacturing operations, which will have a profound impact on the company's future operations and strategy. Central to this restructuring is the early closure of its Tempe, Arizona wafer fabrication plant (Fab2) and significant layoffs across multiple locations, further highlighting the challenging conditions currently facing the global semiconductor industry...