Microchip Technology Slips on Warning, Delayed Expansion

Author:: TSC Staff
Publish date:: Dec 12, 2000 9:04 AM EST

Microchip Technology

was down 6.8% in preopen

Island

trading. After the close Monday, the chipmaker said third-quarter sales would be would be roughly the same as the $176.3 million reported in the second quarter. The company said it would delay plans to expand production, postponing the start date for a new facility in Washington state to June 2002 from August 2001. The company will also delay capacity expansion plans elsewhere.