(Bloomberg) -- Microchip Technology Inc. is pausing its application for US semiconductor subsidies, making it the first known company to step back from a program designed to revitalize American ...

Analyst Vivek Arya downgraded the rating for Microchip Technology from Neutral to Underperform. All chipmakers are facing the risk of a “severe downturn” due to weak global demand and high ...

Microchip halted its application for U.S. semiconductor grants citing high inventory levels. The chipmaker was a contender for $162 million in grants from the Chips Act. Get New Picks of the ...