Microchip Technology Expects Dour Q4 Net Sales as Customers Deal With Excess Inventory

[ad_1] (Reuters) – Chipmaker Microchip Technology forecast fourth-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers as they clear excess inventory. Shares of the Chandler, Arizona-based company fell more than 3% in extended trading. Demand for auto chips has been slowing as customers are dealing with excess inventory, hitting chipmakers…

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India’s Dixon Technologies Posts 86% Rise in Q3 Profit on Electronics Boom

[ad_1] CHENNAI (Reuters) – Dixon Technologies (India) reported an 86% growth in third-quarter profit on Wednesday, benefiting from growing demand for technology gadgets and rapid expansion of electronics manufacturing in the country. The $155-billion Indian electronics industry has gained from technology giants diversifying their supply chain from China, while the local government’s production-linked incentives have…

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