Microchip Technology (MCHP) in Platinum International Technology Fund Q1 2023

Semiconductor Sector Recovery Boosts Performance

Jul 08, 2025

Summary

Microchip Technology's stock price increased by 19% during the quarter.
Commentary from management suggests a bottoming of the semiconductor cycle.
Improving conditions expected throughout the rest of the year.

Microchip Technology (MCHP, Financial) was a notable performer in the Platinum International Technology Fund's Q1 2023 report, with a 19% increase in stock price. The semiconductor sector showed signs of recovery, with management indicating that the downturn in the cycle may have bottomed. This positive outlook has contributed to the stock's strong performance, as investors anticipate improving conditions in the semiconductor market throughout the year.

"Microchip Technology's performance reflects the broader recovery in the semiconductor sector, with management's positive outlook driving investor confidence." — Platinum International Technology Fund, Q1 2023 Fund Letter

Read full letter at gurufocus Platinum International Technology Fund 2023 Q1 page.

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