Chip Delivery Times Shrank in August, But Some Shortages Drag On [Business News Network (BNN) (Canada)]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: Business News Network
Lead times -- the gap between when a chip is ordered and when it is delivered -- averaged 26.8 weeks in August, according to research by Susquehanna Financial Group. That was a day shorter than they were in the prior month. The shorter wait times reflect slowing demand for some kinds of technology -- namely, phones and personal computers -- according to Susquehanna analyst Chris Rolland. But parts of the market remain overheated, with orders coming in faster than chipmakers can fill them. “We believe over-ordering trends and inventory builds have yet to work through the system,” he said in a research note. The chip industry often struggles to match supply with demand, partly because the components take months to manufacture. Semiconductor makers also are serving a much larger swath of the economy these days, with chips going into cars, factory equipment and appliances. In the past, investors have viewed extended lead times as a sign that the industry was building up too much
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MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website