Microchip Technology: Revenue Continues To Decline As Inventory Destocking Persists

Comezora/Moment via Getty Images Investment Thesis Microchip Technologies (NASDAQ:MCHP) is a diversified provider of microcontrollers, analog, and related computer chips for a wide range of industries. It has historically had strong growth as the company focused on expanding the breadth of its product line in order to provide its clients with a one-stop shop. When I first covered Microchip almost six months ago (Q1FY24, ending June 30th 2023) they had just completed their 11th quarter of sequential reve ...