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In response to Microchip's (MCHP -13.6%) FQ1 warning, UBS is downgrading Microchip, Maxim...

In response to Microchip's (MCHP -13.6%) FQ1 warning, UBS is downgrading Microchip, Maxim Integrated (MXIM -5.5%), and ON Semiconductor (ONNN -6%), believing chipmakers with heavy exposure to consumer electronics, PCs, and autos may be in trouble. Other analysts have also voiced concerns about the chip industry.
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