Page 12 - Microchip Technology News Today

Slowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the automotive industry, hitting chipmakers such as Microchip Technology amid an uncertain economic environment.

The Biden administration on Monday announced it will grant $285 million from CHIPS and Science Act funding for a first-of-its-kind institute to develop digital twins for the chip manufacturing industry.

Companies like Motorola and Intel have been building microchips in Arizona for decades. The latest funding from the CHIPS Act could expand the industry in Phoenix. Read more

OPENING CALL Stock futures held steady on Tuesday, continuing a rally that followed a weaker-than-expected jobs report which boosted expectations of an interest-rate cut from the Federal Reserve... -May 07, 2024 at 06:25 am EDT - MarketScreener

Microchip Technology: Moorthy said the June quarter marks the bottom of the cycle for the company and the business will return to revenue growth in the second quarter, ending September.

Sheets Smith Wealth Management trimmed its holdings in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 0.2% in the fourth quarter, HoldingsChannel reports. The fund owned 82,892 shares of the semiconductor company’s stock after selling 200 shares during the period. Microchip Technology makes up 0.9% of Sheets Smith Wealth Management’s investment portfolio, making the stock […]

National Bank of Canada FI raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 203.3% in the 4th quarter, Holdings Channel reports. The firm owned 753,829 shares of the semiconductor company’s stock after acquiring an additional 505,324 shares during the period. National Bank of Canada FI’s holdings in Microchip Technology […]

VIA optronics (NYSE:VIAO – Get Free Report) and Microchip Technology (NASDAQ:MCHP – Get Free Report) are both computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, risk, profitability, earnings and institutional ownership. Insider & Institutional Ownership 91.5% of […]

OPENING CALL Stock futures rose modestly on Monday in the afterglow of a not-too-hot jobs report, which brought back hopes of an interest-rate cut this year. Focus will turn this week to more... -May 06, 2024 at 06:17 am EDT - MarketScreener

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. The relief across world markets as signs of a softening in the U.S. jobs markets strengthens the...