World Semiconductor Trade Statistics suggests gloomy projections released earlier this year weren’t wholly accurate.
World Semiconductor Trade Statistics suggests gloomy projections released earlier this year weren’t wholly accurate.
“All product categories and regions are forecasted to grow steadily but moderately,” the organization wrote, “under the assumption of a further macro economy recovery throughout the entire forecast period and maturing historically strong markets.”
Microchip’s stock has recovered nearly all of what it lost when it issued its warning in October and the company said Tuesday sales in its current quarter will be better than forecast – down 2 to 5 percent from last quarter instead of a drop of as much as 7 percent.
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