Microchip Technology News - July 7, 2026

🔴 MCHP is trading 4.4% down today on sector-wide selloff following Samsung's profit update

MCHP is trading 4.4% down today at $83.74 amid a sector-wide chip selloff triggered by Samsung’s Q2 operating profit update. • The stock is underperforming...

🔴 MCHP is trading 4.7% down today as Samsung's Q2 operating profit surge sparks global chip selloff

• 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. •...