Microchip Technology Slips on Warning, Delayed Expansion
Microchip Technology
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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.
