Microchip lowers revenue forecast for third quarter

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Jan 8 (Reuters) - Microchip Technology on Monday lowered its forecast for third-quarter revenue, citing lower shipment levels and a weak economy.

The company now sees revenue for the quarter ended December to be down about 22% sequentially, compared to its previous outlook of down 15%-20%. (Reporting by Harshita Mary Varghese; Editing by Shailesh Kuber)

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