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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.
06.05.2024 - For the quarter ended March 31, 2024 Net sales of $1.326 billion, down 24.9% sequentially and down 40.6% from the year ago quarter. Our guidance provided on February 1, 2024 was for net sales to be down 25% sequentially.On a GAAP basis: gross ...
Microchip Technology forecast first-quarter net sales and profit below Wall Street estimates on Monday, signaling weak demand as customers continue to clear excess inventory, sending its shares down...
CHANDLER, Ariz., May 02, 2024 (GLOBE NEWSWIRE) -- Microchip Technology (NASDAQ:MCHP) today announces that registration is now open for its signature Worldwide MASTERs Conference, the premier technical training event
Celanese Corporation announced Kim K.W. Rucker as its new lead independent director effective April 18, 2024. Ms. Rucker, former Executive Vice President, General Counsel and Corporate Secretary for...