Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry.
Shares of the Chandler, Arizona-based company fell more than 5% in extended trading.
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A global shortage of memory supply has hammered the personal electronics industry, forcing smartphone makers and personal computer providers to cut bac… [701 chars]
Source: Reuters | Published: 2026-02-05T22:38:14Z
Credit: Reuters
