Precision manufacturing relies heavily on micro-machining in sectors such as aerospace, automotive, electronics, and biomedicine, where precision is a top priority. Ultrashort pulse lasers have revolutionized laser micromachining as a leading technique due to their ability to produce precise cuts and intricate microstructures, thereby boosting the capabilities of cutting-edge technology. Employing these techniques guarantees cost-effectiveness and high precision and provides protection against thermal damage, which is essential for intricate manufacturing processes. Integrating laser micromachining with other advanced techniques significantly improves the overall quality of the manufacturing process. Significant progress has been made in laser-based micromachining, which is exerting a considerable impact on various industries, notably semiconductors and optics, by facilitating the precise fabrication and production of complex components. Recent studies have focused on improving the accuracy and speed of laser micromachining techniques, which will enable new opportunities for advancement in leading-edge technological industries. This paper provides a comprehensive review of advancements in micromachining techniques and their applications in various industries.