Press release
Microchip Technology to Provide Business Update on Fourth Quarter Fiscal 2020 on March 2, 2020
CHANDLER, Ariz., Feb. 28, 2020 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure
About this update from Microchip Technology Incorporated
[{"type":"text","content":"CHANDLER, Ariz., Feb. 28, 2020 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that it will provide a business update on its March 2020 quarter on Monday, March 2, 2020 after market close. This update will include a conference call and webcast that will begin at 5:00PM (Eastern). Conference call details will be made available on Monday morning and on our website at www.microchip.com/investors.\n Additionally, the company announced that it will not be attending any investor conferences for the remainder of the quarter, due to company travel restrictions associated with the Coronavirus. These conferences include the Morgan Stanley 2020 Technology, Media & Telecom Conference, the Raymond James 41st Annual Institutional Investor Conference, and the Susquehanna Financial Group Technology Conference. “The safety of our employees worldwide continues to remain paramount and we have taken precautionary steps to help ensure the health and safety of our employees and to control the impact on Microchip’s operations,” said Steve Sanghi, Microchip’s CEO. “We regret the necessary last-minute cancellation of our attendance at these events, and we intend for our business update on March 2, 2020 to be a helpful update on business conditions for investors and analysts.” Cautionary Statement: The statements in this release relating to the Coronavirus situation, that we have taken steps to help ensure the health and safety of our employees and control the impact of the Coronavirus on Microchip’s operations, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: any continued economic uncertainty due to monetary policy, political, geopolitical, trade or other issues in the U.S. or internationally, any unexpected fluctuations or weakness in the U.S. and global economies (including China), changes in demand or market acceptance of our products and the products of our customers; our ability to successfully integrate the operations and employees, retain key employees and customers and otherwise realize the expected synergies a...