Microchip (MCHP) -3% AH after warning it expects to report FQ2 (Sep. quarter) revenue of...

|About: Microchip Technology Incorp... (MCHP)|By:, SA News Editor

Microchip (MCHP) -3% AH after warning it expects to report FQ2 (Sep. quarter) revenue of $407M-$408M, below a consensus of $420.3M. The microcontroller vendor, often seen as a bellwether for broader chip industry demand, blames "macroeconomic and industry conditions" in general. "The overall global economic outlook continues to be poor and is adversely impacting our business as well as the rest of the semiconductor industry." (also: I, II)