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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. ....
Microchip Technology Expects Weak Quarterly Results on Excess Inventory Impact usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
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. ....
With the German government and Intel set to sign a deal over the US chipmaker's planned factory in Dresden, it has been revealed that Intel is now also to spend upwards of $25 billion on a new factory in Israel, said to be the largest-ever international investment in the country. ....
Intel to invest $25 billion in Israel enterprise middleeaststar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middleeaststar.com Daily Mail and Mail on Sunday newspapers.