<p>➀ Microchip Technology, a semiconductor manufacturer, is planning to lay off employees at its factories in Oregon and Colorado to cope with a decline in sales.</p><p>➁ The company's CEO, Steve Sanghi, stated that the company needs to take decisive measures to adjust its business due to the decline in revenue and inventory levels reaching 266 days.</p><p>➂ Microchip has already announced the closure of its Fab 2 factory in Arizona and is expected to save about $90 million in cash annually by the end of 2025.</p>