NASDAQ:KNGZ - Nasdaq - US33738R7382 - ETF - Currency: USD
Microchip Technology Inc. (NASDAQ:MCHP) reported Q4 results, beating revenue estimates and achieving a book-to-bill ratio >1 for the first time in 3 years.
Microchip Technology is trading flat in the premarket after pricing a $1.35 billion public offering, with proceeds primarily for debt repayment, while also expanding into the electric two-wheeler market with new scalable solutions.
Mentions: MCHP