Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 270.83

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

oldbeachlvr

Return to Sender

The Ox

To: Return to Sender who wrote (85295)	7/9/2020 4:11:58 PM
From: Sam	3 Recommendations Read Replies (1) of 95456

Microchip, peers gain on unexpected demand surge Jul. 9, 2020 2:47 PM ET\|About: Microchip Technology Incorp... (MCHP)\|By: Brandy Betz, SA News Editor In a letter to customers and channel partners, Microchip (NASDAQ: MCHP) management apologizes for later than desired delivery dates due to a sudden surge in demand with little to no lead time. Microchip says the orders appear to have come from customers who caught tailwinds from the pandemic and businesses that recovered in May and June from an early pandemic hit. The latter included customers in the automotive and industrial sectors. News of the demand surge is helping to push semi peer stocks higher with Texas Instruments ( TXN +1.1%), Maxim Integrated ( MXIM +4.1%), and Analog Devices ( ADI +1.4%) on the move. Microchip shares are up 3.6% to $107.75. Related: Last month, Microchip raised its fiscal Q1 sales and profit forecast as the company began to make up for lost production. seekingalpha.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next