Microchip Technology Reports 2Q Sales of $1.62B

Fiscal Q2 net sales rose 42.2% year over year to $1.622B, versus $1.140B a year earlier. Microchip expects December-quarter sales to range from down 3% to up 1% sequentially, with a midpoint down 1%; about $53M of September-quarter infrequent revenue items will not repeat.Material DetailsContext by…