The Latest Breaking News from Microchip Technology

U.S. chipmaker Microchip Technology suffers from cyberattack, forcing it to reduce operations as it looks into the scope of the damage.

Signs all point to assault being a ransomware attack, but so far no actors have assumed responsibility.

With Intel suspending its dividend, investors seeking alternative semiconductor stocks with strong growth prospects and reliable income streams may consider Broadcom (AVGO), Qualcomm (QCOM), and Microchip Technology (MCHP), which offer attractive dividend yields and solid market positions.

Microchip Technology has underperformed the broader market over the past year, yet analysts remain moderately bullish on the stock's prospects.