Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views

The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.

Topics

German job cuts darken mood of election campaign

Snap February poll comes as Europe’s largest economy faces its toughest challenges for decades
Financial Times - 1d
How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.
The Wall Street Journal - 1d
9 states poised to end coverage for millions if Trump cuts Medicaid funding

About 3.7 million people are at immediate risk of losing health coverage should the federal government cut funding for Medicaid expansions, as some allies of President-elect Donald Trump have ...
CBS News - 3h
Oil sees biggest daily gain in 2 weeks on bets OPEC+ will extend production cuts

Oil futures settled higher Tuesday, scoring their largest one-day gains in about two weeks as some traders expect the Organization of the Petroleum Exporting Countries and its allies to further ...
MarketWatch - 22h
Arctic could see its first ice-free day before the end of the decade: Study

The planet's northernmost ocean could experience its first day free of ice as early as 2027, a new study has found. While the three-year possibility remains extreme, the study authors determined ...
The Hill - 22h
Nurses, Chaplains and Teachers Should Not Be Replaced With Technology

We’re increasingly becoming a society where very wealthy people get human care, like concierge medicine and private schools with tiny class sizes.
The New York Times - 8h
China bans exports of key microchip elements to US as trade tensions escalate

Semiconductor restrictions on China announced by Washington a day earlier prompt retaliation involving critical minerals including gallium and germanium . The Chinese government has said it will ...
The Guardian - 14h
The Guardian view on protests in Georgia: resisting a drift into Putin’s orbit | Editorial

The Georgian Dream government’s suspension of EU talks has sparked an existential struggle for democracy. In recent years, Georgia’s ruling Georgian Dream (GD) party has brazenly pursued a policy ...
The Guardian - 1d
'We here now': Bucks' atrocious start to season is in the rear-view mirror

After a 2-8 start, Giannis and Dame kept their cool and turned things around. Now Milwaukee is the league's hottest team entering the NBA Cup quarterfinals.
Yahoo Sports - 11h