Microchip Technology forecasts quarterly results below estimates on weak automotive demand
Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic uncertainty, sending its shares down about 4% in extended trading.
Microchip Technology raised its dividend by 0.1 cents to 45.5 cents per share, but its stock fell after projecting fiscal third-quarter results that missed analyst expectations. The new payout, equal ...
Microchip Technology’s latest financial report reveals the company’s expenses due to the recent cybersecurity incident.
In the assessment of 12-month price targets, analysts unveil insights for Microchip Technology, presenting an average target of $90.0, a high estimate of $100.00, and a low estimate of $80.00.
The apparent use of TSMC circuitry, believed to have first routed through a Chinese chip firm, shows the difficulties for the ...
As the global chip war between China and the US reaches a fever pitch, a quiet giant is emerging to take the spotlight.
Wall Street firms are loaning billions to a handful of tech companies that have used Nvidia's AI-enabling chips as collateral ...
Taiwan is a global power in semiconductors, which have become indispensable in an array of industries, from electronics to ...
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