Nov 4th, 2009 - Boston
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CHANDLER, Ariz.—Semiconductor maker Microchip Technology Inc. said Wednesday that earnings and sales fell in the latest quarter, but its CEO said profit margins would improve as the company increases production to meet stronger business conditions.
The company said it earned $44.5 million, or 24 cents per share, in its second fiscal quarter, which ended Sept. 30. The company earned $75.7 million, or 40 cents per share, in the same period last year.
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