Microchip Technology, headquartered in Chandler, Arizona, employs 22,300 people and serves 123,000 customers in various markets with semiconductor products and development tools. It operates globally through direct sales and distributors.
MCHP has been in the news recently: QXO, a company involved in microchip technology, saw its shares rise by 4.8% following the announcement of an $11 billion acquisition of Beacon Roofing Supply. In contrast, Accenture, which also operates within the technology sector, experienced a 7% decline in shares after reporting earnings that fell short of analysts' expectations.
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