Microchip Technology Inc. (MCHP) stock dropped 13.56% due to increased tariffs on Chinese goods.

From Yahoo Finance: 2025-04-11 05:46:00

The stock market took a hit on Thursday as President Trump raised tariffs on Chinese goods. Nasdaq dropped by 4.31%, S&P 500 by 3.46%, and Dow Jones by 2.50%. Microchip Technology Inc. (MCHP) saw a 13.56% decrease in share price due to international trade exposure, especially in China. The company has a large footprint in China with 16 sales and technical offices and a development center in Shanghai. MCHP ranks 5th among stocks heavily sold down on Thursday.



Read more at Yahoo Finance: Why Microchip Technology Inc. (MCHP) Went Down On Thursday?