Microchip Technology Engages Macquarie To Market And Sell Tempe, Arizona Wafer Facility Under Restructuring Plan; Production Shifts To Oregon And Colorado. Terms Not Disclosed

Microchip Technology Incorporated

Microchip Technology Incorporated

MCHP

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Microchip Technology (NASDAQ:MCHP) today announced it has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility ("Fab 2") located in Tempe, Arizona. This decision is part of Microchip's previously announced manufacturing restructuring plan supporting its strategic goal of enhancing operational efficiency and profitability.

The Fab 2 site, which includes installed and operational semiconductor equipment, will be marketed and sold under the guidance of the semiconductor and technology team within Macquarie's Commodities and Global Markets business. Microchip's product manufacturing and technologies in Fab 2 are being transferred to Fabs 4 and 5 in Oregon and Colorado, respectively. Those facilities remain key to Microchip's long-term production and capacity plans.

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