Microchip Technology Incorporated announces an Equity Buyback for $4,000 million worth of its shares.
November 08, 2021 at 09:15 am EST
Microchip Technology Incorporated (NasdaqGS:MCHP) announces a share repurchase program. Under the program, the company will repurchase up to $4,000 million worth of its common stock. The company expects to fund repurchases through available cash flow from operations after capital expenditures and dividend payments. The repurchase program does not have an expiration date.