• MCHP is trading 4.7% down at $83.51 in pre-market, underperforming amid a global chip sector selloff triggered by Samsung's Q2 operating profit projection.
  • Samsung's shares sank up to 10% after its update, sparking a broad decline in chip stocks, including U.S. memory chipmakers.
  • The move also aligns with recent technical Strong Sell signals for MCHP.