Microchip Reaches Milestone in $800 Million, Multi-Year Initiative Aiming to Triple Semiconductor Production at its Oregon Facility
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: GlobeNewswire
CHANDLER, Ariz., March 13, 2023 (GLOBE NEWSWIRE) -- Microchip Technology Inc. (Nasdaq: MCHP) – a leading provider of smart, connected and secure embedded control solutions – has reached a milestone in its multi-year, $800 million initiative aiming to triple production capacity at its Gresham, Oregon manufacturing facility. Celebrating close to the halfway mark in a major workforce expansion and capital equipment investment, the efforts are part of Microchip’s larger initiative to ramp up overall production in the U.S. as demand continues to grow for semiconductor products across a broad range of industries. “We want to recognize the Microchip Gresham team for their dedication and ongoing hard work on this expansion and thank the state of Oregon and its elected officials for the incentives they have approved in support of its completion,” said Ganesh Moorthy, President and CEO of Microchip Technology. “Our steady growth demonstrates the vital role of semiconductors and the importanc
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- Microchip Technology Incorporated (NASDAQ: MCHP) had its price target raised by analysts at Stifel Nicolaus from $94.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website