A scalable and green approach to manufacture semiconducting microfibers from polymer melts has been demonstrated. The polymer chains are highly aligned along the microfiber's long axis direction and exhibit highly anisotropic optical properties. In addition, the polymer microfibers show good flexibility and stretchability with a yield point around 10% under a reversible stress and can be stretched up to 180% without breaking. These features are desired for future flexible, stretchable, and conformable electronics. The origin of this stretchability is studied with diketopyrrolopyrrole derivatives using different conjugation break spacers and side chains. In addition, stretchable conducting microfibers can be obtained by doping with FeCl₃, which are further evaluated as organic conductors and source/drain electrodes in organic field‐effect transistors.