Microchip Technology Stock Discussion

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RECAP
Semis Down, Financials Up
The US stock market took a breather from its blistering rally as disappointing financial results from $Intel(INTC.US)$dragged down the semiconductor sector, muting gains in financial stocks.
The $S&P 500 Index(.SPX.US)$ fell less than 0.1% Friday, while $Nasdaq Composite Index(.IXIC.US)$ slipped 0.4%. The $Dow Jones Industrial Average(.DJI.US)$ gained 0.2%.
Semiconductor stocks t...

$Unity Software(U.US)$
— Unity Software shares jumped more than 3% after the maker of game engines used in the Angry Birds and Pokémon Go video games said it's cutting 25% of its workforce, or about 1,800 workers.
$Microchip Technology(MCHP.US)$
— Microchip Technology shares dropped more than 3% after the microcontroller maker cut its fiscal third-quarter revenue forecast, citing a "weakening economic environment." The company expects a 22% revenue dec...