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Microchip Technology Accelerates Restructuring: Premature Arizona Fab Closure and Mass Layoffs

Microchip Technology Accelerates Restructuring: Premature Arizona Fab Closure and Mass Layoffs

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...

SolarEdge Cuts Nearly 500 Jobs: Energy Storage Unit Closure Amidst Market Challenges

SolarEdge Cuts Nearly 500 Jobs: Energy Storage Unit Closure Amidst Market Challenges

SolarEdge Cuts Nearly 500 Jobs: Energy Storage Unit Closure Amidst Market ChallengesSolarEdge Technologies, a manufacturer of photovoltaic inverters, recently announced a significant strategic adjustment involving the closure of its energy storage division and the layoff of approximately 12% of its workforce, resulting in the loss of nearly 500 jobs. This move is attributed to the current challenging market environment and intensifying competition...

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