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Computer chip maker announces furloughs at Oregon factory days after landing $72M from feds
Microchip described the furloughs as a temporary measure aimed at preventing layoffs.
“During times of business uncertainty, we sometimes ask our team to collectively participate in shared sacrifices such as short-term shutdowns so that we can remain fully staffed and avoid layoffs,” Microchip CEO Ganesh Moorthy said in a statement to The Oregonian/OregonLive. The company’s sales boomed following the pandemic-era supply-chain shortages and Microchip announced plans to expand its Gresham factory to accommodate long-term growth in demand for its products. In the past two years, the federal government and Oregon have moved to subsidize the domestic chip industry in hopes of restoring U.S. electronics manufacturing and reducing the country’s dependence on factories in China and other parts of Asia.
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