---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-24-000225"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T12:27:27.425122+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Microchip to close Tempe Fab 2, affecting ~500 employees; expects $90M annual savings

## Summary
- Fab 2 (8-inch wafer facility) shutdown planned by September 2025 quarter; products move to Oregon/Colorado fabs.
- Expected annual cash savings of ~$90M post-shutdown, starting June 2026 quarter due to high inventory FIFO basis.
- Restructuring costs estimated $3M-$8M near-term, with potential additional costs up to $15M.
- Approximately 500 employees affected; inventory levels expected to moderate from March 2025 quarter.
- Possible accelerated depreciation or impairment charges; not yet determined.

## SEC filing metadata
- accession: 0000827054-24-000225
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000082705424000225/0000827054-24-000225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705424000225/mchp-20241202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-24-000225
- JSON: https://secwatch.observer/filing/0000827054-24-000225.json
- Plain text: https://secwatch.observer/filing/0000827054-24-000225.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.