From GlobeNewswire:

Microchip Technology Incorporated, a leading smart technology provider, encountered a 22% dip in revenue for the December 2023 quarter, lower than the anticipated 15-20% decrease. Earnings conference will further discuss fiscal results on February 1, 2024. Microchip Technologies encourages interested parties to replay the webcast before February 15, 2024 and warns investors of potential economic and political risks affecting their business. For further information and financial details, visit www.microchip.com or the SEC’s website. Contact J. Eric Bjornholt at (480) 792-7804 for investor relations.



Read more: Microchip Technology Provides Preliminary Fiscal Third