Microchip taps firm to list Tempe factory for sale

Microchip Technology Inc. hired Macquarie Group to facilitate the sale of its Tempe wafer fabrication facility, the Chandler-based company said.

BY AMY EDELEN/REPORTER, PHOENIX BUSINESS JOURNAL

Mar 22, 2025, 5:45 AM

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Microchip Technology Inc. has hired Macquarie Group to facilitate marketing and sale of its Tempe wafer fabrication facility, the Chandler-based semiconductor company announced Thursday.

Microchip engaged Macquarie, an Australian financial services firm, to sell its Tempe factory — known as Fab 2 — as part of the company’s previously announced plan to cut costs and resize its total manufacturing footprint.

“The closure and sale of Fab 2 is the latest development in our ongoing restructuring, demonstrating our efforts to resize our manufacturing footprint,” Michael Finley, senior vice president of Microchip’s fab operations, said in a statement. “We believe Macquarie’s extensive experience in the marketing and disposition of assets from advanced equipment to complete facilities positions them well to oversee the sale of Fab 2.”

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.